There’s Something Awry at Dell Technologies Inc. (NYSE:DELL) Since Share Price Gets Ahead of Fundamentals

The stock of Dell Technologies Inc. (NYSE:DELL) last traded at $55.69, down -1.43% from the previous session.

Data from the available sources indicates that Dell Technologies Inc. (NYSE:DELL) is covered by 22 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $45.00, we find $60.00. Given the previous closing price of $56.50, this indicates a potential upside of 6.19 percent. DELL stock price is now 2.60% away from the 50-day moving average and 22.91% away from the 200-day moving average. The market capitalization of the company currently stands at $41.01B.

In total, 8 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $56.59 as their price target over the next twelve months.

With the price target of $60, Citigroup recently initiated with Buy rating for Dell Technologies Inc. (NYSE: DELL).

In other news, Whitten Anthony Charles, Co-Chief Operating Officer sold 107,803 shares of the company’s stock on Aug 17. The stock was sold for $5,943,731 at an average price of $55.14. Upon completion of the transaction, the Co-Chief Operating Officer now directly owns 650,198 shares in the company, valued at $36.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 13, Chief Marketing Officer Dew Allison sold 329,038 shares of the business’s stock. A total of $18,176,744 was realized by selling the stock at an average price of $55.24. This leaves the insider owning 98,354 shares of the company worth $5.48 million. Insiders disposed of 10,997,955 shares of company stock worth roughly $612.48 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 BOSTON PARTNERS during the first quarter worth $544,829,000. JENNISON ASSOCIATES LLC invested $85,635,000 in shares of DELL during the first quarter. In the first quarter, ALKEON CAPITAL MANAGEMENT LLC acquired a new stake in Dell Technologies Inc. valued at approximately $69,613,000. CEREDEX VALUE ADVISORS LLC acquired a new stake in DELL for approximately $55,033,000. DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT purchased a new stake in DELL valued at around $44,767,000 in the second quarter. In total, there are 937 active investors with 82.40% ownership of the company’s stock.

With an opening price of $54.68 on Wednesday morning, Dell Technologies Inc. (NYSE: DELL) set off the trading day. During the past 12 months, Dell Technologies Inc. has had a low of $32.90 and a high of $58.72. According to the stock market information, the enterprise value for the company is $62.19B, which is based on a 21.15 price-to-earnings ratio, a 128.19 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for DELL is $54.40 and a two-hundred day moving average price translates $45.38 for the stock.

The latest earnings results from Dell Technologies Inc. (NYSE: DELL) was released for May, 2023. The net profit margin was 2.00% and return on equity was -62.60% for DELL. The company reported revenue of $20.92 billion for the quarter, compared to $26.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.89 percent.

Moreover, the firm recently paid out its quarterly dividend on 08/04/2023. Investors who held shares on 07/25/2023 were paid a $0.37 dividend. On an annualized basis, this represents a $1.48 dividend and a 2.66% percent yield. There was an ex-dividend date of 07/24/2023 for this dividend. In terms of dividend payout ratio, DELL is presently at 50.50%.

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.