Dell Technologies (NYSE:DELL) Shares Down 2.3% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL) shares traded down 2.3% during mid-day trading on Monday . The stock traded as low as $469.05 and last traded at $479.68. Approximately 5,255,395 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 8,274,138 shares. The stock had previously closed at $490.81.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Susquehanna set a $289.00 price target on Dell Technologies and gave the stock a “neutral” rating in a research note on Friday, May 29th. Morgan Stanley lowered their price objective on Dell Technologies from $477.00 to $430.00 and set an “equal weight” rating on the stock in a research note on Monday, August 10th. Daiwa Securities Group increased their target price on shares of Dell Technologies from $170.00 to $465.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Roth Capital started coverage on shares of Dell Technologies in a research note on Friday, May 29th. They issued a “buy” rating for the company. Finally, HSBC raised shares of Dell Technologies to a “buy” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $494.33.

Dell Technologies Trading Down 2.3%

The business has a fifty day moving average of $421.83 and a 200-day moving average of $273.89. The firm has a market cap of $310.89 billion, a PE ratio of 38.10, a PEG ratio of 1.03 and a beta of 1.33.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping the consensus estimate of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The business had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. During the same quarter last year, the company earned $1.55 EPS. The firm’s revenue 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, equities analysts forecast that Dell Technologies Inc. will post 18.17 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $2.52 annualized dividend and a yield of 0.5%. Dell Technologies’s payout ratio is currently 20.02%.

Insider Activity

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $31,160,919.24. Following the sale, the director directly owned 67,990 shares in the company, valued at $30,836,184.60. This represents a 50.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Spv-2 L.P. Sl sold 59,492 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $26,982,001.68. Following the completion of the transaction, the director directly owned 89,222 shares of the company’s stock, valued at approximately $40,465,745.88. The trade was a 40.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,434,758 shares of company stock worth $1,448,870,683. Insiders own 41.50% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Campbell Capital Management Inc. lifted its holdings in Dell Technologies by 34.0% in the fourth quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock worth $10,094,000 after buying an additional 20,362 shares during the period. ProShare Advisors LLC raised its position in shares of Dell Technologies by 10.5% in the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock worth $10,157,000 after acquiring an additional 7,642 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Dell Technologies in the 4th quarter worth approximately $23,332,000. Gabelli Funds LLC lifted its stake in shares of Dell Technologies by 49.0% in the 1st quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company’s stock valued at $7,565,000 after purchasing an additional 15,150 shares during the period. Finally, Plato Investment Management Ltd bought a new stake in shares of Dell Technologies during the second quarter valued at approximately $5,913,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Company Profile

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.