Key Points
- CMO Jane Tunnell sold 28,529 shares on March 18 at an average price of $152.51 for about $4.35 million, trimming her stake by 34.83% to 53,373 shares (≈$8.14 million).
- Dell beat expectations, reporting $3.89 EPS vs. $3.53 expected and revenue of $33.38 billion (+39.5% YoY), and provided FY2027 guidance of roughly 12.90 EPS (Q1 guidance ~2.90 EPS).
- Dell raised its quarterly dividend to $0.63 (annualized $2.52, yield ~1.6%), while analysts maintain a "Moderate Buy" consensus with an average price target of $163.28.
Dell Technologies Inc. (NYSE:DELL - Get Free Report) CMO Jane Tunnell sold 28,529 shares of Dell Technologies stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $152.51, for a total value of $4,350,957.79. Following the transaction, the chief marketing officer owned 53,373 shares in the company, valued at approximately $8,139,916.23. This represents a 34.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Dell Technologies Trading Up 1.0%
Shares of DELL opened at $158.27 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $169.90. The firm has a market capitalization of $104.88 billion, a P/E ratio of 18.15, a P/E/G ratio of 0.73 and a beta of 0.97. The firm has a 50-day moving average price of $128.55 and a 200 day moving average price of $133.79.
Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.36. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The company had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. During the same period in the previous year, the business posted $2.68 EPS. Dell Technologies's revenue was up 39.5% on a year-over-year basis. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.
Dell Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Tuesday, April 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.6%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, April 21st. Dell Technologies's payout ratio is 24.08%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Citigroup reduced their price objective on shares of Dell Technologies from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, February 17th. Mizuho lifted their price target on shares of Dell Technologies from $175.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Piper Sandler reduced their price target on shares of Dell Technologies from $172.00 to $167.00 and set an "overweight" rating on the stock in a research note on Friday, February 27th. Morgan Stanley increased their price objective on shares of Dell Technologies from $101.00 to $110.00 and gave the stock an "underweight" rating in a research report on Friday, February 27th. Finally, The Goldman Sachs Group started coverage on shares of Dell Technologies in a report on Tuesday, January 13th. They issued a "buy" rating and a $165.00 target price for the company. Seventeen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $163.28.
Read Our Latest Report on Dell Technologies
Trending Headlines about Dell Technologies
Here are the key news stories impacting Dell Technologies this week:
Institutional Trading of Dell Technologies
Several hedge funds have recently made changes to their positions in the business. Winnow Wealth LLC acquired a new position in shares of Dell Technologies in the second quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC acquired a new stake in Dell Technologies during the 4th quarter worth approximately $25,000. Rossby Financial LCC boosted its position in Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company's stock valued at $26,000 after buying an additional 184 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dell Technologies in the second quarter worth $28,000. Finally, Navalign LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth $29,000. Institutional investors and hedge funds own 76.37% of the company's stock.
About Dell Technologies
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
