Dell Technologies (NYSE:DELL) Stock Price Up 5.9% – Time to Buy?

Shares of Dell Technologies Inc. (NYSE:DELL) traded up 5.9% on Monday . The company traded as high as $432.36 and last traded at $429.23. Approximately 4,610,618 shares changed hands during trading, a decline of 45% from the average session volume of 8,433,849 shares. The stock had previously closed at $405.37.

Analyst Ratings Changes

DELL has been the topic of several research reports. Barclays lowered Dell Technologies from an “overweight” rating to a “reduce” rating in a report on Friday, May 29th. Roth Capital started coverage on Dell Technologies in a research report on Friday, May 29th. They issued a “buy” rating for the company. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $270.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Morgan Stanley boosted their target price on shares of Dell Technologies from $448.00 to $477.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Dell Technologies from $280.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $494.67.

Dell Technologies Trading Up 5.9%

The stock’s 50-day moving average is $405.04 and its 200-day moving average is $249.58. The company has a market cap of $278.19 billion, a price-to-earnings ratio of 34.09, a P/E/G ratio of 0.87 and a beta of 1.31.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. The business had revenue of $43.84 billion for 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 revenue for the quarter was up 87.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, analysts predict that Dell Technologies Inc. will post 17.77 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, July 21st. Dell Technologies’s dividend payout ratio is presently 20.02%.

Insider Activity

In related news, Director Spv-2 L.P. Sl sold 175,901 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $457.99, for a total value of $80,560,898.99. Following the completion of the transaction, the director directly owned 36,659 shares of the company’s stock, valued at $16,789,455.41. This trade represents a 82.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the 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 $86,928,791.95. Following the completion of the transaction, the director owned 24,287 shares in the company, valued at approximately $11,123,203.13. This trade represents a 88.66% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,434,758 shares of company stock valued at $1,448,870,683. 41.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

A number of large investors have recently made changes to their positions in DELL. Commonwealth Retirement Investments LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Rossby Financial LCC increased its holdings in Dell Technologies by 968.4% in the fourth 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. Navalign LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. acquired a new position in Dell Technologies during the fourth quarter worth approximately $29,000. Finally, WealthCollab LLC boosted its stake in shares of Dell Technologies by 82.0% during the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after buying an additional 114 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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.