Dell Technologies (NYSE:DELL) Shares Up 9.3% – Here’s Why

Dell Technologies Inc. (NYSE:DELL)’s share price was up 9.3% on Wednesday . The company traded as high as $451.36 and last traded at $441.81. Approximately 7,140,339 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 8,583,852 shares. The stock had previously closed at $404.15.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DELL shares. Truist Financial increased their target price on Dell Technologies from $170.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Roth Capital started coverage on Dell Technologies in a research report on Friday, May 29th. They issued a “buy” rating for the company. Wolfe Research lowered Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research note on Friday, May 29th. Weiss Ratings raised Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Raymond James Financial downgraded Dell Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $494.67.

Dell Technologies Price Performance

The stock has a market cap of $284.13 billion, a P/E ratio of 34.82, a PEG ratio of 0.94 and a beta of 1.31. The firm’s fifty day moving average price is $386.45 and its two-hundred day moving average price is $237.54.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The firm’s quarterly revenue was up 87.5% on a year-over-year basis. During the same quarter last year, the company earned $1.55 earnings per share. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. On average, research analysts expect that Dell Technologies Inc. will post 17.77 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s payout ratio is presently 20.02%.

Insider Activity at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $31,160,919.24. Following the sale, the director directly owned 67,990 shares of the company’s stock, valued at $30,836,184.60. This trade represents a 50.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lake Group L.L.C. Silver sold 16,679 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $396.37, for a total transaction of $6,611,055.23. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,434,758 shares of company stock valued at $1,448,870,683. Company insiders own 41.50% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently modified their holdings of the company. Accel Wealth Management raised its stake in Dell Technologies by 2.8% during the second quarter. Accel Wealth Management now owns 1,421 shares of the technology company’s stock valued at $613,000 after purchasing an additional 39 shares in the last quarter. Ariadne Wealth Management LP grew its stake in shares of Dell Technologies by 1.6% in the 1st quarter. Ariadne Wealth Management LP now owns 3,092 shares of the technology company’s stock worth $508,000 after buying an additional 49 shares in the last quarter. Bell Investment Advisors Inc increased its holdings in shares of Dell Technologies by 19.3% in the 1st quarter. Bell Investment Advisors Inc now owns 322 shares of the technology company’s stock worth $53,000 after buying an additional 52 shares during the last quarter. Vectors Research Management LLC raised its position in shares of Dell Technologies by 0.4% during the 1st quarter. Vectors Research Management LLC now owns 14,645 shares of the technology company’s stock valued at $2,404,000 after buying an additional 55 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Dell Technologies by 6.9% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,044 shares of the technology company’s stock valued at $171,000 after acquiring an additional 67 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.