Dell Technologies (NYSE:DELL) Director Spv-2 L.P. Sl Sells 62,084 Shares

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director Spv-2 L.P. Sl sold 62,084 shares of Dell Technologies stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $380.47, for a total transaction of $23,621,099.48. Following the completion of the transaction, the director directly owned 90,054 shares of the company’s stock, valued at $34,262,845.38. The trade was a 40.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, June 10th, Spv-2 L.P. Sl sold 40,686 shares of Dell Technologies stock. The shares were sold at an average price of $394.99, for a total value of $16,070,563.14.
  • On Tuesday, June 9th, Spv-2 L.P. Sl sold 25,436 shares of Dell Technologies stock. The stock was sold at an average price of $390.31, for a total value of $9,927,925.16.
  • On Tuesday, June 9th, Spv-2 L.P. Sl sold 5,025 shares of Dell Technologies stock. The shares were sold at an average price of $404.68, for a total transaction of $2,033,517.00.
  • On Monday, June 8th, Spv-2 L.P. Sl sold 131,040 shares of Dell Technologies stock. The shares were sold at an average price of $398.13, for a total transaction of $52,170,955.20.
  • On Friday, June 5th, Spv-2 L.P. Sl sold 84,583 shares of Dell Technologies stock. The shares were sold at an average price of $403.00, for a total transaction of $34,086,949.00.
  • On Thursday, June 4th, Spv-2 L.P. Sl sold 72,728 shares of Dell Technologies stock. The stock was 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 value 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 value of $33,092,263.28.
  • On Tuesday, June 2nd, Spv-2 L.P. Sl sold 164,047 shares of Dell Technologies stock. The stock was 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.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $4.08 during midday trading on Friday, hitting $395.53. The company’s stock had a trading volume of 6,046,932 shares, compared to its average volume of 8,786,718. The business’s 50 day simple moving average is $260.10 and its 200 day simple moving average is $177.31. The company has a market cap of $255.42 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30. Dell Technologies Inc. has a 12-month low of $109.17 and a 12-month high of $469.47.

Dell Technologies (NYSE:DELLGet Free Report) last announced its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $35.74 billion. During the same quarter in the prior year, the company earned $1.55 EPS. Dell Technologies’s revenue 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, sell-side analysts predict that Dell Technologies Inc. will post 17.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group set a $700.00 price objective on Dell Technologies in a research report on Friday, May 29th. Piper Sandler lifted their price target on Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Melius Research set a $565.00 price target on shares of Dell Technologies in a research report on Friday, May 29th. Royal Bank Of Canada initiated coverage on Dell Technologies in a report on Friday, May 29th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Company raised their target price on Dell Technologies from $270.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $475.76.

Check Out Our Latest Stock Analysis on Dell Technologies

Key Stories Impacting Dell Technologies

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

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $25,000. Rossby Financial LCC lifted 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 worth $26,000 after purchasing an additional 184 shares during the last quarter. Navalign LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new position in Dell Technologies in the fourth quarter valued at $29,000. Finally, WealthCollab LLC raised 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 buying an additional 114 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

About Dell Technologies

(Get Free Report)

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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