Dell Technologies (NYSE:DELL) Trading Up 3.7% – What’s Next?

Dell Technologies Inc. (NYSE:DELL) shares traded up 3.7% during trading on Monday . The company traded as high as $416.44 and last traded at $414.26. Approximately 8,359,763 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 8,789,092 shares. The stock had previously closed at $399.49.

Analyst Ratings Changes

DELL has been the topic of a number of research reports. Evercore boosted their price objective on shares of Dell Technologies from $270.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. UBS Group set a $700.00 price objective on Dell Technologies in a report on Friday, May 29th. Roth Mkm initiated coverage on Dell Technologies in a report on Friday, May 29th. They issued a “buy” rating for the company. Citic Securities lifted their target price on Dell Technologies from $160.00 to $505.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Finally, Wolfe Research cut shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $490.38.

Dell Technologies Trading Up 3.7%

The company has a market capitalization of $268.49 billion, a P/E ratio of 32.90, a PEG ratio of 0.85 and a beta of 1.30. The stock has a 50 day moving average price of $311.46 and a 200 day moving average price of $198.86.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (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 analyst estimates of $35.74 billion. During the same period last year, the company earned $1.55 EPS. Dell Technologies’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, research analysts predict that Dell Technologies Inc. will post 17.74 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s payout ratio is presently 20.02%.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 458,666 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $177.24, for a total value of $81,293,961.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Spv-2 L.P. Sl sold 175,901 shares of Dell Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the transaction, the director directly owned 36,659 shares in the company, valued at approximately $16,789,455.41. This represents a 82.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,885,274 shares of company stock valued at $1,396,987,916 in the last three months. 41.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC purchased a new stake in Dell Technologies during the fourth quarter worth about $25,000. Rossby Financial LCC grew its position in shares of 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 acquiring an additional 184 shares during the period. Navalign LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of Dell Technologies in the 4th quarter worth approximately $29,000. Finally, WealthCollab LLC lifted its stake in Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

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.