Egon Durban Sells 71,000 Shares of Dell Technologies (NYSE:DELL) Stock

by · The Cerbat Gem

Dell Technologies Inc. (NYSE:DELL – Get Free Report) Director Egon Durban sold 71,000 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $138.12, for a total transaction of $9,806,520.00. Following the completion of the sale, the director owned 1,172,428 shares in the company, valued at $161,935,755.36. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Dell Technologies Trading Down 1.4%

Shares of DELL stock traded down $1.96 on Thursday, reaching $138.67. 4,844,412 shares of the stock were exchanged, compared to its average volume of 7,189,646. The company has a market capitalization of $93.24 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 0.92 and a beta of 1.03. The business’s 50 day moving average price is $143.88 and its 200 day moving average price is $132.12. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $168.08.

Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.12. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The company had revenue of $27.01 billion during the quarter, compared to the consensus estimate of $27.26 billion. During the same period in the previous year, the business earned $2.15 EPS. Dell Technologies’s revenue for the quarter was up 10.8% on a year-over-year basis. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS and its Q4 2026 guidance at 3.500-3.500 EPS. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, January 20th. Dell Technologies’s dividend payout ratio is currently 28.00%.

Analysts Set New Price Targets

DELL has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating on shares of Dell Technologies in a research report on Wednesday, November 26th. UBS Group reduced their price target on shares of Dell Technologies from $186.00 to $167.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Bank of America upped their price objective on shares of Dell Technologies from $160.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Citigroup reiterated a “buy” rating on shares of Dell Technologies in a research report on Wednesday, November 26th. Finally, Susquehanna boosted their target price on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.84.

Get Our Latest Report on DELL

Institutional Investors Weigh In On Dell Technologies

Hedge funds have recently modified their holdings of the stock. Winnow Wealth LLC acquired a new stake in Dell Technologies in the second quarter valued at approximately $25,000. Westside Investment Management Inc. boosted its stake in shares of Dell Technologies by 84.7% in the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Dell Technologies during the 2nd quarter valued at $28,000. Central Pacific Bank Trust Division purchased a new stake in Dell Technologies during the 2nd quarter worth $29,000. Finally, Johnson Financial Group Inc. lifted its holdings in Dell Technologies by 66.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Company Profile

(Get Free Report)

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).

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