The price of Dell Technologies Inc. (NYSE:DELL) shares last traded on Wall Street rose 1.34% to $47.75.
Based on available information, 20 analysts follow Dell Technologies Inc. (NYSE:DELL). The consensus rating among analysts is ‘Overweight’. DELL stock price is now 14.39% away from the 50-day moving average and 16.99% away from the 200-day moving average. The market capitalization of the company currently stands at $34.39B.
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Among analysts, 7 rate the stock a hold while 10 rate it a buy.
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In other news, Rothberg Richard J, General Counsel & Secretary sold 200,958 shares of the company’s stock on Apr 18. The stock was sold for $9,115,455 at an average price of $45.36. Upon completion of the transaction, the General Counsel & Secretary now directly owns 149,379 shares in the company, valued at $7.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 17, Chief Accounting Officer Rios Brunilda sold 22,042 shares of the business’s stock. A total of $964,999 was realized by selling the stock at an average price of $43.78. This leaves the insider owning 18,647 shares of the company worth $0.89 million. Insiders disposed of 1,144,949 shares of company stock worth roughly $54.67 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DELL stock. A new stake in Dell Technologies Inc. shares was purchased by EPOCH INVESTMENT PARTNERS, INC. during the first quarter worth $71,644,000. VIKING GLOBAL INVESTORS LP invested $52,257,000 in shares of DELL during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Dell Technologies Inc. valued at approximately $27,474,000. HRT FINANCIAL LP acquired a new stake in DELL for approximately $22,276,000. NATIXIS purchased a new stake in DELL valued at around $19,572,000 in the second quarter. In total, there are 930 active investors with 82.40% ownership of the company’s stock.
A candlestick chart of Dell Technologies Inc. (NYSE: DELL) showed a price of $47.36 on Friday morning. During the past 12 months, Dell Technologies Inc. has had a low of $32.90 and a high of $52.60. According to the stock market information, the enterprise value for the company is $53.71B, which is based on a 14.85 price-to-earnings ratio, a 20.91 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for DELL is $41.94 and a two-hundred day moving average price translates $40.83 for the stock.
The latest earnings results from Dell Technologies Inc. (NYSE: DELL) was released for Feb, 2023. According to the Computer Hardware Company, earnings per share came in at $1.8, beating analysts’ expectations of $1.63 by 0.17. This compares to $0.03 EPS in the same period last year. The net profit margin was 2.40% and return on equity was -82.00% for DELL. The company reported revenue of $25.04 billion for the quarter, compared to $27.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.55 percent. For the current quarter, analysts expect DELL to generate $20.33B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/05/2023. Investors who held shares on 04/25/2023 were paid a $0.37 dividend. On an annualized basis, this represents a $1.48 dividend and a 3.10% percent yield. There was an ex-dividend date of 04/24/2023 for this dividend. In terms of dividend payout ratio, DELL is presently at 39.90%.
Dell Technologies Inc.(DELL) Company Profile
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). The ISG segment provides traditional and next-generation storage solutions, including all-flash arrays, scale-out file, object platforms, hyper-converged infrastructure, and software-defined storage; and rack, blade, tower, and hyperscale servers. This segment also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; attached software and peripherals; and support and deployment, configuration, and extended warranty services. The CSG segment provides desktops, workstations, and notebooks; displays, docking stations, and other electronics; and third-party software and peripherals, as well as support and deployment, configuration, and extended warranty services. The company is also involved in the provision of cybersecurity technology-driven security solutions to prevent security breaches, detect malicious activity, respond rapidly when a security breach occurs, and identify emerging threats; originating, collecting, and servicing customer financing arrangements; and infrastructure-as-a-service solutions, as well as in the resale of VMware products and services. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.
