Dell Technologies (NYSE:DELL) Shares Down 9.1% – What’s Next?

Shares of Dell Technologies Inc. (NYSE:DELL) were down 9.1% during mid-day trading on Wednesday. The company traded as low as $366.62 and last traded at $371.4170. 10,701,897 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 8,190,415 shares. The stock had previously closed at $408.40.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell expanded its AI cybersecurity offering with quantum-safe encryption, identity-resilience tools and managed threat detection. The additions could strengthen its AI infrastructure pitch, though they have not offset broader market pressure. Dell Technologies shares and AI cybersecurity
• Negative Sentiment: Midterm election results weighed on technology shares, with reports linking the selloff in Dell and HPE to investor reaction to Democratic wins. Dell and HPE fall as election results weigh on tech
• Negative Sentiment: AI-server makers faced additional pressure amid concerns about margins and voter opposition to data-center projects. Dell fell alongside peers, suggesting the move reflected sector-wide worries rather than a Dell-specific announcement. AI-server stocks pressured by margin concerns and data-center opposition

Analyst Upgrades and Downgrades

Several research firms recently commented on DELL. US Capital Advisors set a $625.00 target price on Dell Technologies in a research report on Wednesday, September 2nd. Evercore reissued an “outperform” rating and set a $650.00 price objective on shares of Dell Technologies in a report on Wednesday, September 9th. KeyCorp reaffirmed a “sector weight” rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Mizuho lifted their target price on shares of Dell Technologies from $600.00 to $650.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th. Finally, Royal Bank Of Canada began coverage on shares of Dell Technologies in a research note on Thursday, September 10th. They issued an “outperform” rating and a $640.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $569.96.

Dell Technologies Trading Down 9.1%

The stock has a market capitalization of $236.15 billion, a PE ratio of 21.56, a PEG ratio of 0.41 and a beta of 1.45. The business has a fifty day moving average price of $512.25 and a 200-day moving average price of $333.10.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. Dell Technologies’s revenue for the quarter was up 57.7% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. On average, equities analysts anticipate that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, October 20th. Dell Technologies’s payout ratio is presently 14.63%.

Insider Buying and Selling

In other Dell Technologies news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the company’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $460.00, for a total transaction of $930,120.00. Following the completion of the sale, the director directly owned 25,686 shares in the company, valued at $11,815,560. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Spv-2 L.P. Sl sold 44,408 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $582.30, for a total value of $25,858,778.40. Following the transaction, the director directly owned 43,740 shares in the company, valued at $25,469,802. This trade represents a 50.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,819,650 shares of company stock worth $991,183,596 in the last ninety days. 41.50% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Institutional investors have recently made changes to their positions in the stock. Collective Family Office LLC boosted its stake in Dell Technologies by 1.5% during the third quarter. Collective Family Office LLC now owns 1,299 shares of the technology company’s stock worth $699,000 after buying an additional 19 shares during the period. North Star Investment Management Corp. grew its stake in Dell Technologies by 0.3% in the third quarter. North Star Investment Management Corp. now owns 6,992 shares of the technology company’s stock worth $3,761,000 after purchasing an additional 21 shares in the last quarter. Cornerstone Financial Management LLC raised its holdings in shares of Dell Technologies by 56.1% in the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock valued at $28,000 after acquiring an additional 23 shares in the last quarter. Beaumont Financial Advisors LLC lifted its position in shares of Dell Technologies by 0.3% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 8,713 shares of the technology company’s stock worth $4,687,000 after purchasing an additional 24 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its position in Dell Technologies by 5.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 469 shares of the technology company’s stock valued at $252,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Company Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.