Dell Technologies (NYSE:DELL) Director Sells $16,104,879.70 in Stock

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director Silver Lake Partners De (Aiv sold 37,934 shares of Dell Technologies stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $424.55, for a total value of $16,104,879.70. Following the sale, the director directly owned 122,802 shares in the company, valued at approximately $52,135,589.10. This trade represents a 23.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dell Technologies Trading Up 1.5%

DELL stock traded up $5.75 during trading on Monday, reaching $400.14. 8,515,897 shares of the stock were exchanged, compared to its average volume of 11,503,263. Dell Technologies Inc. has a twelve month low of $109.17 and a twelve month high of $469.47. The company has a market capitalization of $258.39 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.30. The stock has a 50 day simple moving average of $247.27 and a 200-day simple moving average of $171.80.

Dell Technologies (NYSE:DELLGet Free Report) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $35.74 billion. During the same period last year, the business earned $1.55 earnings per share. The firm’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. Equities analysts predict that Dell Technologies Inc. will post 12.93 EPS for the current year.

Key Dell Technologies News

Here are the key news stories impacting Dell Technologies this week:

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DELL. Providence Capital Advisors LLC bought a new position in Dell Technologies in the 3rd quarter worth approximately $7,060,000. Campbell Capital Management Inc. raised its position in Dell Technologies by 34.0% in the 4th quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock worth $10,094,000 after purchasing an additional 20,362 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Dell Technologies in the 4th quarter worth approximately $23,332,000. ProShare Advisors LLC raised its position in 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 purchasing an additional 7,642 shares during the last quarter. Finally, Prospera Financial Services Inc raised its position in Dell Technologies by 54.3% in the 3rd quarter. Prospera Financial Services Inc now owns 41,492 shares of the technology company’s stock worth $5,886,000 after purchasing an additional 14,604 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DELL. Piper Sandler lifted their target price on Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Wolfe Research downgraded Dell Technologies from a “peer perform” rating to a “peer perform” rating in a report on Friday, May 29th. Bank of America lifted their price objective on Dell Technologies from $280.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 29th. Citic Securities lifted their price objective on Dell Technologies from $160.00 to $505.00 and gave the company a “buy” rating in a report on Monday, June 1st. Finally, Barclays downgraded Dell Technologies from an “overweight” rating to a “reduce” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $475.76.

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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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Insider Buying and Selling by Quarter for Dell Technologies (NYSE:DELL)

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