Dell Technologies (NYSE:DELL) Stock Price Up 4.2% Following Strong Earnings

Dell Technologies Inc. (NYSE:DELL)’s share price was up 4.2% during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $327.73 and last traded at $318.22. Approximately 18,012,692 shares were traded during trading, an increase of 124% from the average daily volume of 8,051,054 shares. The stock had previously closed at $305.32.

The technology company reported $4.86 EPS for the quarter, topping the consensus estimate of $2.96 by $1.90. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell won a five-year, approximately $9.7 billion Pentagon/Department of Defense software contract to manage Microsoft-related software and cloud services for the U.S. military. The deal is being seen as a major revenue and credibility boost, helping drive investor optimism. CNBC article
• Positive Sentiment: The contract adds to Dell’s momentum in AI and enterprise infrastructure, reinforcing the view that demand for its servers and software-related offerings remains strong. Reuters article
• Positive Sentiment: Investors are also positioning for Dell’s upcoming earnings release, with expectations that AI server momentum and broader enterprise demand could support another strong quarter. Zacks article
• Neutral Sentiment: Several articles focused on Dell’s recent stock rally and the market’s attention on whether the company can extend its strong year-to-date run; these pieces reflect sentiment rather than new business developments. Barron’s article

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Dell Technologies from $215.00 to $230.00 in a research note on Thursday, April 30th. Wells Fargo & Company raised their price target on Dell Technologies from $180.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Bank of America raised their price target on Dell Technologies from $246.00 to $280.00 and gave the company a “buy” rating in a report on Monday, May 18th. Weiss Ratings upgraded Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Citigroup raised their price target on Dell Technologies from $180.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $211.32.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 382,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $176.81, for a total transaction of $67,541,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey W. Clarke sold 116,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $182.48, for a total value of $21,167,680.00. Following the sale, the chief operating officer directly owned 1,687,414 shares of the company’s stock, valued at $307,919,306.72. This represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,571,688 shares of company stock worth $576,654,105 in the last three months. Corporate insiders own 41.50% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Dell Technologies by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock worth $3,957,850,000 after acquiring an additional 1,355,841 shares during the last quarter. State Street Corp lifted its stake in shares of Dell Technologies by 1.8% during the 4th quarter. State Street Corp now owns 14,715,998 shares of the technology company’s stock worth $1,852,450,000 after acquiring an additional 265,740 shares during the last quarter. Bank of America Corp DE raised its position in Dell Technologies by 7.6% during the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock valued at $2,362,624,000 after purchasing an additional 1,011,101 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dell Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company’s stock worth $939,808,000 after buying an additional 108,011 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Dell Technologies by 50.4% in the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after buying an additional 2,445,854 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

The firm has a market capitalization of $205.49 billion, a PE ratio of 36.49, a PEG ratio of 1.12 and a beta of 0.99. The company has a fifty day simple moving average of $208.08 and a two-hundred day simple moving average of $156.33.

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.