Dell Technologies (NYSE:DELL) CFO Sells $13,979,637.92 in Stock

Dell Technologies Inc. (NYSE:DELL) CFO David Kennedy sold 23,896 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $585.02, for a total transaction of $13,979,637.92. Following the transaction, the chief financial officer owned 159,201 shares in the company, valued at approximately $93,135,769.02. This trade represents a 13.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dell Technologies Trading Down 0.0%

NYSE:DELL opened at $548.89 on Thursday. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $595.51. The company has a market cap of $348.99 billion, a PE ratio of 31.86, a P/E/G ratio of 0.57 and a beta of 1.34. The company’s 50 day moving average is $472.07 and its two-hundred day moving average is $348.63.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.91 by $2.13. The business had revenue of $46.97 billion during the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The business’s quarterly revenue was up 57.7% on a year-over-year basis. During the same quarter last year, the company posted $1.70 earnings per share. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. As a group, analysts expect that Dell Technologies Inc. will post 25.14 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s payout ratio is presently 14.63%.

Dell Technologies News Summary

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: AI remains Dell’s strongest catalyst. Analysts point to a growing AI customer base, record orders and an estimated backlog of roughly $95 billion, supporting expectations that Dell will benefit from continued data-center and on-premises AI spending. Wall Street stock upgrades
• Positive Sentiment: Dell’s new $999 XPS Googlebook, featuring Qualcomm’s Snapdragon X Elite processor and Google Gemini integration, expands its premium AI-focused product lineup. The launch could improve consumer positioning, although shipment and margin expectations were not provided. Dell Googlebook launch
• Neutral Sentiment: Dell’s latest results were strong, with quarterly EPS of $7.04 versus a $4.91 estimate and revenue growth of 57.7%. However, the stock’s sharp advance has already priced in substantial AI success, raising the bar for future earnings and margins.
• Negative Sentiment: UBS reversed its 2027 PC forecast from growth to a decline. The downgrade hurt Dell more than HP because Dell’s shares had stronger performance and higher expectations priced in, increasing concern about PC demand and potential earnings pressure. UBS PC outlook
• Negative Sentiment: Multiple insiders sold shares, including CFO David Kennedy, General Counsel Richard Rothberg and Silver Lake-affiliated director holdings. The sales may reinforce profit-taking concerns after Dell’s rally, even though insiders retain sizable positions. Dell insider selling
• Negative Sentiment: Morgan Stanley raised its price target to $511 from $499 but kept an Equalweight rating; the target remains below recent trading levels, suggesting limited near-term upside at the current valuation.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently modified their holdings of DELL. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Dell Technologies by 71.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,166 shares of the technology company’s stock worth $2,660,000 after acquiring an additional 2,576 shares during the period. Andra AP fonden raised its holdings in Dell Technologies by 16.0% during the second quarter. Andra AP fonden now owns 86,168 shares of the technology company’s stock worth $37,178,000 after purchasing an additional 11,900 shares in the last quarter. Premier Financial Group acquired a new stake in Dell Technologies in the second quarter valued at about $34,000. Wellington Altus USA Inc. boosted its holdings in Dell Technologies by 38.4% in the 2nd quarter. Wellington Altus USA Inc. now owns 1,475 shares of the technology company’s stock valued at $636,000 after purchasing an additional 409 shares in the last quarter. Finally, Revere Asset Management Inc acquired a new position in Dell Technologies during the 2nd quarter worth approximately $5,524,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DELL shares. US Capital Advisors set a $625.00 target price on Dell Technologies in a report on Wednesday, September 2nd. Argus raised their price target on shares of Dell Technologies from $200.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. The Goldman Sachs Group lifted their price objective on shares of Dell Technologies from $510.00 to $570.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Daiwa Securities Group increased their price objective on shares of Dell Technologies from $170.00 to $465.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Finally, KeyCorp restated a “sector weight” rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $560.72.

Dell Technologies Company Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.