Dell Technologies (NYSE:DELL) Director Sells $34,086,949.00 in Stock

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director Spv-2 L.P. Sl sold 84,583 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $403.00, for a total transaction of $34,086,949.00. Following the completion of the sale, the director owned 8,149 shares of the company’s stock, valued at approximately $3,284,047. This trade represents a 91.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Spv-2 L.P. Sl also recently made the following trade(s):

  • 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 transaction of $30,140,665.04.
  • On Thursday, June 4th, Spv-2 L.P. Sl sold 83,742 shares of Dell Technologies stock. The shares were sold at an average price of $424.55, for a total transaction of $35,552,666.10.
  • On Wednesday, June 3rd, Spv-2 L.P. Sl sold 78,236 shares of Dell Technologies stock. The shares were sold at an average price of $422.98, for a total transaction of $33,092,263.28.
  • On Tuesday, June 2nd, Spv-2 L.P. Sl sold 164,047 shares of Dell Technologies stock. The shares were sold at an average price of $438.91, for a total transaction of $72,001,868.77.
  • On Tuesday, June 2nd, Spv-2 L.P. Sl sold 17,932 shares of Dell Technologies stock. The stock was sold at an average price of $458.12, for a total transaction of $8,215,007.84.
  • On Monday, June 1st, Spv-2 L.P. Sl sold 78,339 shares of Dell Technologies stock. The stock was sold at an average price of $445.96, for a total transaction of $34,936,060.44.
  • On Monday, June 1st, Spv-2 L.P. Sl sold 175,901 shares of Dell Technologies stock. The stock was sold at an average price of $457.99, for a total transaction of $80,560,898.99.

Dell Technologies Trading Down 5.1%

Shares of NYSE DELL traded down $20.33 during midday trading on Tuesday, reaching $380.44. The company had a trading volume of 10,440,182 shares, compared to its average volume of 8,815,413. The business’s 50-day simple moving average is $251.44 and its 200 day simple moving average is $173.64. The stock has a market cap of $245.67 billion, a P/E ratio of 30.22, a P/E/G ratio of 1.16 and a beta of 1.30. Dell Technologies Inc. has a 1 year low of $109.17 and a 1 year high of $469.47.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings results 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. The business had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business’s quarterly revenue was up 87.5% on a year-over-year basis. During the same quarter last year, the company posted $1.55 earnings per share. 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. Analysts predict that Dell Technologies Inc. will post 12.93 earnings per share for the current year.

Analysts Set New Price Targets

DELL has been the subject of a number of research analyst reports. Barclays cut shares of Dell Technologies from an “overweight” rating to a “reduce” rating in a report on Friday, May 29th. TD Cowen raised their target price on shares of Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Raymond James Financial cut shares of Dell Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, May 29th. Jefferies Financial Group cut shares of Dell Technologies to a “hold” rating in a report on Monday, June 1st. Finally, Mizuho raised their target price on shares of Dell Technologies from $435.00 to $500.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $475.76.

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Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DELL. Norges Bank acquired a new stake in Dell Technologies during the fourth quarter valued at $607,349,000. Wellington Management Group LLP grew its position in Dell Technologies by 4,279.1% during the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after buying an additional 2,937,137 shares during the period. Invesco Ltd. grew its position 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 buying an additional 2,445,854 shares during the period. Michael & Susan Dell Foundation grew 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 buying an additional 2,258,797 shares during the period. Finally, Franklin Resources Inc. grew its position in Dell Technologies by 541.9% during the third quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock valued at $283,052,000 after buying an additional 1,685,529 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

About Dell Technologies

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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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