Dell Technologies (NYSE:DELL) Stock Price Down 2.3% – Here’s What Happened

Shares of Dell Technologies Inc. (NYSE:DELL) traded down 2.3% on Tuesday . The stock traded as low as $458.50 and last traded at $468.60. 5,452,190 shares were traded during trading, a decline of 34% from the average daily volume of 8,250,679 shares. The stock had previously closed at $479.81.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DELL. The Goldman Sachs Group lifted their price target on Dell Technologies from $230.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Wells Fargo & Company increased their price objective on Dell Technologies from $505.00 to $545.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Melius Research set a $565.00 target price on shares of Dell Technologies in a report on Friday, May 29th. Sanford C. Bernstein lifted their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, HSBC raised shares of Dell Technologies to a “buy” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $496.71.

Dell Technologies Stock Performance

The stock has a market capitalization of $282.79 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 0.98 and a beta of 1.33. The stock has a 50-day moving average price of $426.53 and a two-hundred day moving average price of $281.18.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. The company had revenue of $43.84 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 87.5% on a year-over-year basis. During the same quarter in the prior 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. Equities analysts anticipate that Dell Technologies Inc. will post 18.17 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 20.02%.

Insider Activity at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $31,160,919.24. Following the transaction, the director owned 67,990 shares in the company, valued at $30,836,184.60. The trade was a 50.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Spv-2 L.P. Sl sold 59,492 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $453.54, for a total transaction of $26,982,001.68. Following the completion of the transaction, the director directly owned 89,222 shares of the company’s stock, valued at approximately $40,465,745.88. The trade was a 40.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,434,758 shares of company stock worth $1,448,870,683. 41.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after buying an additional 901 shares during the period. Sivia Capital Partners LLC purchased a new position in Dell Technologies during the 2nd quarter valued at about $328,000. Marshall Wace LLP bought a new stake in Dell Technologies during the second quarter worth about $809,000. Gamco Investors INC. ET AL grew its holdings in Dell Technologies by 30.2% in the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock worth $819,000 after purchasing an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in Dell Technologies by 147.2% in the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock worth $7,112,000 after purchasing an additional 34,538 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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.