Dell Technologies Inc. (NYSE:DELL – Get Free Report) Director Spv-2 L.P. Sl sold 63,204 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $410.52, for a total value of $25,946,506.08. Following the sale, the director directly owned 30,167 shares in the company, valued at approximately $12,384,156.84. This represents a 67.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Spv-2 L.P. Sl also recently made the following trade(s):
- On Friday, June 12th, Spv-2 L.P. Sl sold 34,257 shares of Dell Technologies stock. The shares were sold at an average price of $403.12, for a total value of $13,809,681.84.
- On Thursday, June 11th, Spv-2 L.P. Sl sold 54,093 shares of Dell Technologies stock. The stock was sold at an average price of $380.25, for a total transaction of $20,568,863.25.
- On Wednesday, June 10th, Spv-2 L.P. Sl sold 62,084 shares of Dell Technologies stock. The shares were sold at an average price of $380.47, for a total transaction of $23,621,099.48.
- On Wednesday, June 10th, Spv-2 L.P. Sl sold 40,686 shares of Dell Technologies stock. The shares were sold at an average price of $394.99, for a total transaction of $16,070,563.14.
- On Tuesday, June 9th, Spv-2 L.P. Sl sold 25,436 shares of Dell Technologies stock. The stock was sold at an average price of $390.31, for a total transaction of $9,927,925.16.
- On Tuesday, June 9th, Spv-2 L.P. Sl sold 5,025 shares of Dell Technologies stock. The shares were sold at an average price of $404.68, for a total transaction of $2,033,517.00.
- On Monday, June 8th, Spv-2 L.P. Sl sold 131,040 shares of Dell Technologies stock. The stock was sold at an average price of $398.13, for a total transaction of $52,170,955.20.
- On Friday, June 5th, Spv-2 L.P. Sl sold 84,583 shares of Dell Technologies stock. The stock was sold at an average price of $403.00, for a total value of $34,086,949.00.
- On Thursday, June 4th, Spv-2 L.P. Sl sold 72,728 shares of Dell Technologies stock. The shares were sold at an average price of $414.43, for a total value of $30,140,665.04.
- On Thursday, June 4th, Spv-2 L.P. Sl sold 83,742 shares of Dell Technologies stock. The stock was sold at an average price of $424.55, for a total value of $35,552,666.10.
Dell Technologies Stock Performance
NYSE:DELL opened at $431.97 on Thursday. The stock has a 50-day simple moving average of $344.59 and a 200 day simple moving average of $214.76. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $469.47. The company has a market cap of $279.96 billion, a PE ratio of 34.31, a PEG ratio of 0.89 and a beta of 1.31.
Dell Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, July 21st. This represents a $2.52 annualized dividend and a yield of 0.6%. Dell Technologies’s dividend payout ratio is presently 20.02%.
Dell Technologies News Roundup
Here are the key news stories impacting Dell Technologies this week:
- Positive Sentiment: Evercore reportedly raised its price target on Dell Technologies (DELL) on stronger AI demand expectations, reinforcing the market’s view that Dell’s AI server business still has room to grow. Dell Technologies in spotlight as Evercore ups price target on AI prospects
- Positive Sentiment: Recent trading chatter and a “power inflow” signal point to strong buying pressure in DELL, with traders betting on continued momentum in the stock. Dell Shares Rise 4% After Key Trading Signal
- Positive Sentiment: Media attention around President Trump repeatedly urging Americans to “buy Dell” has added to the stock’s visibility and helped fuel momentum in DELL. Dell Stock Jumps After Trump Urges Americans to ‘Buy Dell Computers’
- Neutral Sentiment: Multiple disclosures showed large equity sales by Silver Lake-related directors at about $410.52 per share, which may raise questions about insider sentiment but do not necessarily change Dell’s operating outlook. SEC filing
- Negative Sentiment: The insider selling is sizable, with several directors cutting positions by more than 60%, which could weigh on investor confidence in Dell Technologies (DELL) even amid the bullish AI narrative. SEC filing
- Negative Sentiment: Separately, a July 6 filing changed Dell’s bylaws to tighten shareholder proposal requirements, which some investors may view as reducing governance influence. Will Dell’s Tougher Shareholder Proposal Rules Reshape Its AI Strategy And Governance Balance (DELL)?
Hedge Funds Weigh In On Dell Technologies
A number of institutional investors have recently bought and sold shares of the business. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $38,000. Atwood & Palmer Inc. increased its holdings in shares of Dell Technologies by 860.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company’s stock worth $41,000 after acquiring an additional 86 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in Dell Technologies by 5,900.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 180 shares of the technology company’s stock valued at $78,000 after acquiring an additional 177 shares during the period. Commonwealth Retirement Investments LLC bought a new stake in Dell Technologies in the 4th quarter valued at $25,000. Finally, Rossby Financial LCC lifted its holdings in Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.
Wall Street Analysts Forecast Growth
DELL has been the subject of a number of recent research reports. Melius Research set a $565.00 price objective on shares of Dell Technologies in a research note on Friday, May 29th. Raymond James Financial downgraded Dell Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, May 29th. UBS Group set a $700.00 price target on Dell Technologies in a research report on Friday, May 29th. Guggenheim upgraded Dell Technologies to a “buy” rating in a research note on Monday, June 1st. Finally, William Blair assumed coverage on Dell Technologies in a research note on Monday, June 1st. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $492.76.
Check Out Our Latest Research Report on Dell Technologies
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.
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