Dell Technologies (NYSE:DELL) Shares Down 2.2% After Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s stock price dropped 2.2% during trading on Thursday after an insider sold shares in the company. The company traded as low as $407.88 and last traded at $410.00. 15,214,297 shares traded hands during trading, an increase of 73% from the average daily volume of 8,801,463 shares. The stock had previously closed at $419.32.

Specifically, General Counsel Richard J. Rothberg sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $410.00, for a total transaction of $8,200,000.00. Following the sale, the general counsel directly owned 142,415 shares of the company’s stock, valued at $58,390,150. This represents a 12.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David W. Dorman sold 41,292 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $405.89, for a total transaction of $16,760,009.88. The disclosure for this sale is available in the SEC filing. In other Dell Technologies news, Director Silver Lake Partners V. De (Aiv sold 20,095 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $403.12, for a total transaction of $8,100,696.40. Following the completion of the transaction, the director owned 50,381 shares in the company, valued at $20,309,588.72. This trade represents a 28.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Loop Capital lifted their price target on Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Roth Mkm assumed coverage on Dell Technologies in a research note on Friday, May 29th. They issued a “buy” rating for the company. Evercore boosted their target price on Dell Technologies from $270.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Piper Sandler increased their price target on Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Morgan Stanley upgraded Dell Technologies from an “underweight” rating to a “buy” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $475.76.

Dell Technologies News Roundup

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

• Positive Sentiment: Analysts and market commentary continue to frame Dell as a leading AI hardware play, citing strong demand for AI servers and data-center equipment as key drivers of future growth. Top AI Stocks to Add to Your Portfolio for Impressive Returns
• Positive Sentiment: Dell was also featured in commentary on a prospering computer industry, with writers noting that enterprise-device demand remains strong despite macroeconomic challenges. 2 Stocks to Watch Right Now From the Prospering Computer Industry
• Positive Sentiment: A separate report said Dell is powering Cambridge University’s new AI supercomputers, reinforcing the company’s position in high-performance computing and scientific AI infrastructure. Dell (DELL) Powers Cambridge AI Supercomputers For Climate, Healthcare And Fusion Research
• Positive Sentiment: Investor sentiment has also been lifted by bullish media coverage and commentary suggesting DELL remains a momentum stock with room to run after its strong earnings and AI backlog growth. What’s Going On With Dell Technologies Stock Thursday?
• Neutral Sentiment: Dell’s new quarterly dividend of $0.63 per share supports the income story, but it is not a major near-term growth catalyst. Dell Technologies Declares Quarterly Cash Dividend
• Negative Sentiment: Recent insider selling by multiple Dell executives and directors may be weighing on sentiment, especially after a strong stock run and a premium valuation. Dell Technologies insider trades

Dell Technologies Stock Down 2.2%

The firm has a market cap of $264.76 billion, a PE ratio of 32.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.30. The business has a 50 day simple moving average of $278.85 and a two-hundred day simple moving average of $185.11.

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 firm had revenue of $43.84 billion during the quarter, compared to analyst estimates 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 was up 87.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 earnings per share. 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 forecast that Dell Technologies Inc. will post 17.6 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, July 21st. Dell Technologies’s payout ratio is 20.02%.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently added to or reduced their stakes in DELL. Commonwealth Retirement Investments LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Rossby Financial LCC grew its stake in Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after purchasing an additional 184 shares in the last quarter. Navalign LLC purchased a new position in Dell Technologies during the 4th quarter worth $29,000. Kemnay Advisory Services Inc. bought a new stake in Dell Technologies during the 4th quarter valued at $29,000. Finally, WealthCollab LLC raised its position in Dell Technologies by 82.0% during the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Company Profile

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.