Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director Silver Lake Partners De (Aiv sold 36,982 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $410.52, for a total transaction of $15,181,850.64. Following the completion of the sale, the director directly owned 14,901 shares of the company's stock, valued at $6,117,158.52. This represents a 71.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Dell Technologies Price Performance
Shares of NYSE:DELL opened at $431.97 on Thursday. The company has a market capitalization of $279.96 billion, a P/E ratio of 34.31, a P/E/G ratio of 0.89 and a beta of 1.31. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $469.47. The firm's 50 day simple moving average is $344.59 and its two-hundred day simple moving average is $214.76.
Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The firm had revenue of $43.84 billion during the quarter, compared to analysts' expectations of $35.74 billion. During the same period in the prior year, the company posted $1.55 earnings per share. The company's revenue for the quarter was up 87.5% compared to the same quarter last year. 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, sell-side analysts anticipate that Dell Technologies Inc. will post 17.74 earnings per share for the current fiscal year.
Dell Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.6%. Dell Technologies's dividend payout ratio (DPR) is currently 20.02%.
Institutional Trading of Dell Technologies
Several hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $607,349,000. Wellington Management Group LLP increased its position in Dell Technologies by 4,279.1% in the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company's stock worth $426,129,000 after purchasing an additional 2,937,137 shares during the last quarter. Invesco Ltd. raised its stake in Dell Technologies by 50.4% during the fourth quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company's stock valued at $919,051,000 after purchasing an additional 2,445,854 shares in the last quarter. Michael & Susan Dell Foundation lifted its position in Dell Technologies by 533.3% during the fourth quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company's stock valued at $337,652,000 after purchasing an additional 2,258,797 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Dell Technologies by 541.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company's stock worth $283,052,000 after buying an additional 1,685,529 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Dell Technologies
Here are the key news stories impacting Dell Technologies this week:
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on DELL. Argus upped their price objective on Dell Technologies from $200.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Citigroup initiated coverage on Dell Technologies in a report on Monday, June 1st. They issued an "outperform" rating on the stock. Sanford C. Bernstein upped their price target on Dell Technologies from $280.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, May 29th. Jefferies Financial Group cut shares of Dell Technologies to a "hold" rating in a research report on Monday, June 1st. Finally, Raymond James Financial downgraded shares of Dell Technologies from an "outperform" rating to a "market perform" rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $492.76.
Read Our Latest Analysis on Dell Technologies
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.
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