Dell Technologies Inc. (NYSE:DELL – Get Free Report) shares shot up 3.2% during mid-day trading on Monday . The stock traded as high as $415.91 and last traded at $408.33. 6,993,974 shares were traded during mid-day trading, a decline of 20% from the average session volume of 8,770,638 shares. The stock had previously closed at $395.57.
Analysts Set New Price Targets
Several brokerages recently issued reports on DELL. Morgan Stanley upgraded Dell Technologies from an “underweight” rating to a “buy” rating in a research report on Friday, May 22nd. UBS Group set a $700.00 price objective on Dell Technologies in a research report on Friday, May 29th. Barclays lowered Dell Technologies from an “overweight” rating to a “reduce” rating in a research report on Friday, May 29th. Melius Research set a $565.00 price objective on Dell Technologies in a research report on Friday, May 29th. Finally, HSBC upgraded Dell Technologies to a “buy” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $475.76.
View Our Latest Stock Report on Dell Technologies
Dell Technologies Trading Up 3.2%
Dell Technologies (NYSE:DELL – Get Free Report) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. The firm had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The business’s quarterly revenue was up 87.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 EPS. 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. As a group, sell-side analysts expect that Dell Technologies Inc. will post 17.6 earnings per share for the current year.
Insider Buying and Selling at Dell Technologies
In other news, Director Silver Lake Partners Iv, L.P. sold 46,946 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $394.99, for a total value of $18,543,200.54. Following the completion of the sale, the director owned 37,592 shares of the company’s stock, valued at approximately $14,848,464.08. This represents a 55.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Silver Lake Partners V. De (Aiv sold 23,876 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $394.99, for a total value of $9,430,781.24. Following the completion of the sale, the director directly owned 29,548 shares of the company’s stock, valued at approximately $11,671,164.52. The trade was a 44.69% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 4,990,384 shares of company stock worth $1,501,916,160. Corporate insiders own 41.50% of the company’s stock.
Institutional Investors Weigh In On Dell Technologies
Large investors have recently made changes to their positions in the stock. Commonwealth Retirement Investments LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $25,000. Rossby Financial LCC boosted its holdings in shares of Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after buying an additional 184 shares during the last quarter. Portus Wealth Advisors LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $35,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $29,000. Finally, Navalign LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds 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.
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