Key Points
- CFO David Alan Kennedy sold 19,500 shares on April 9 at an average price of $182.53 for about $3.56 million, reducing his stake by 9.63% to 183,097 shares, per the SEC Form 4 filing.
- Dell beat quarterly expectations, reporting EPS of $3.89 vs. $3.53 expected and revenue of $33.38 billion (up 39.5% year-over-year), and provided Q1 and FY 2027 EPS guidance of 2.90 and 12.90 respectively.
- Dividend raised to $0.63 quarterly (from $0.53), equal to a $2.52 annualized payout and a 1.3% yield, with an ex-dividend date of April 21 and payment on May 1.
Dell Technologies Inc. (NYSE:DELL - Get Free Report) CFO David Alan Kennedy sold 19,500 shares of the business's stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the completion of the sale, the chief financial officer directly owned 183,097 shares in the company, valued at $33,420,695.41. This trade represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Dell Technologies Price Performance
Shares of NYSE:DELL opened at $189.82 on Tuesday. The business has a fifty day moving average price of $147.13 and a 200-day moving average price of $139.25. The company has a market capitalization of $122.58 billion, a PE ratio of 21.77, a PEG ratio of 0.72 and a beta of 0.88. Dell Technologies Inc. has a 1-year low of $80.74 and a 1-year high of $191.37.
Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $31.60 billion. During the same quarter in the previous year, the business posted $2.68 EPS. Dell Technologies's revenue was up 39.5% compared to the same quarter last year. 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. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.
Dell Technologies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Tuesday, April 21st will be paid a $0.63 dividend. This is a boost from Dell Technologies's previous quarterly dividend of $0.53. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, April 21st. Dell Technologies's payout ratio is currently 24.08%.
Hedge Funds Weigh In On Dell Technologies
Several institutional investors have recently made changes to their positions in the business. Old North State Trust LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth approximately $630,000. Rockefeller Capital Management L.P. increased its holdings in Dell Technologies by 27.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 263,564 shares of the technology company's stock valued at $33,178,000 after buying an additional 56,203 shares during the last quarter. World Investment Advisors raised its position in Dell Technologies by 18.2% in the fourth quarter. World Investment Advisors now owns 12,179 shares of the technology company's stock worth $1,533,000 after acquiring an additional 1,874 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Dell Technologies by 7.2% during the 4th quarter. Corient Private Wealth LLC now owns 119,018 shares of the technology company's stock worth $15,050,000 after acquiring an additional 7,957 shares during the last quarter. Finally, Auto Owners Insurance Co grew its position in shares of Dell Technologies by 12,488.0% during the 4th quarter. Auto Owners Insurance Co now owns 522,024 shares of the technology company's stock valued at $6,571,000 after acquiring an additional 517,877 shares during the period. Institutional investors own 76.37% of the company's stock.
Trending Headlines about Dell Technologies
Here are the key news stories impacting Dell Technologies this week:
Analyst Ratings Changes
A number of brokerages recently weighed in on DELL. Barclays boosted their price objective on shares of Dell Technologies from $148.00 to $168.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Raymond James Financial lifted their target price on Dell Technologies from $166.00 to $182.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. Evercore boosted their price target on Dell Technologies from $160.00 to $205.00 and gave the stock an "outperform" rating in a research note on Thursday, March 26th. Dbs Bank raised Dell Technologies to a "moderate buy" rating in a report on Monday, January 5th. Finally, Piper Sandler dropped their price objective on Dell Technologies from $172.00 to $167.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $170.47.
View Our Latest Research Report on DELL
Dell Technologies Company Profile
(
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.
Further Reading
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