Lake Group L.L.C. Silver Sells 16,679 Shares of Dell Technologies (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director Lake Group L.L.C. Silver sold 16,679 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $396.37, for a total transaction of $6,611,055.23. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dell Technologies Stock Performance

Shares of DELL traded up $16.63 during trading hours on Tuesday, hitting $431.24. The stock had a trading volume of 6,703,412 shares, compared to its average volume of 8,775,756. The firm has a 50-day moving average price of $315.88 and a 200 day moving average price of $200.80. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $469.47. The firm has a market capitalization of $279.49 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 0.85 and a beta of 1.30.

Dell Technologies (NYSE:DELLGet Free Report) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $35.74 billion. During the same quarter last year, the business earned $1.55 earnings per share. The firm’s revenue was up 87.5% on a year-over-year basis. 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 17.74 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, July 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is 20.02%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of analyst reports. Citic Securities upped their price target on Dell Technologies from $160.00 to $505.00 and gave the stock a “buy” rating in a report on Monday, June 1st. HSBC upgraded Dell Technologies to a “buy” rating in a research report on Friday, May 29th. Loop Capital upped their target price on Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Bank of America increased their target price on Dell Technologies from $280.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Jefferies Financial Group cut shares of Dell Technologies to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $490.38.

View Our Latest Stock Report on Dell Technologies

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently bought and sold shares of DELL. Campbell Capital Management Inc. boosted its position in Dell Technologies by 34.0% during the fourth quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock worth $10,094,000 after acquiring an additional 20,362 shares during the last quarter. ProShare Advisors LLC raised its holdings in Dell Technologies by 10.5% in the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock valued at $10,157,000 after acquiring an additional 7,642 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Dell Technologies in the 4th quarter valued at about $23,332,000. Tectonic Advisors LLC purchased a new position in Dell Technologies in the 4th quarter worth approximately $5,620,000. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Dell Technologies by 156.2% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 119,263 shares of the technology company’s stock worth $16,908,000 after purchasing an additional 72,712 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Dell Technologies

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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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