Dell Technologies (NYSE:DELL) Shares Gap Up on Strong Earnings

Dell Technologies Inc. (NYSE:DELL)’s share price gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $125.92, but opened at $133.58. Dell Technologies shares last traded at $131.4530, with a volume of 4,376,636 shares changing hands.

The technology company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.12. Dell Technologies had a net margin of 5.01% and a negative return on equity of 240.42%. The firm had revenue of $27.01 billion for the quarter, compared to the consensus estimate of $27.26 billion. During the same period in the previous year, the firm posted $2.15 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS. Q4 2026 guidance at 3.500-3.500 EPS.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

Wall Street Analyst Weigh In

A number of brokerages have commented on DELL. Fox Advisors downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 29th. Wall Street Zen raised Dell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. TD Cowen raised their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Evercore ISI set a $180.00 target price on shares of Dell Technologies and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, Piper Sandler restated an “overweight” rating on shares of Dell Technologies in a research note on Wednesday. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.11.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The SEC filing for this sale provides additional information. Insiders sold a total of 4,537,755 shares of company stock worth $642,644,973 in the last quarter. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently added to or reduced their stakes in the company. Winnow Wealth LLC bought a new stake in shares of Dell Technologies during the second quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies in the first quarter worth $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies during the first quarter worth $27,000. Flaharty Asset Management LLC bought a new stake in Dell Technologies in the 1st quarter valued at $27,000. Finally, Westside Investment Management Inc. raised its stake in shares of Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Trading Up 5.9%

The business’s fifty day moving average price is $143.63 and its 200 day moving average price is $130.34. The company has a market capitalization of $89.65 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.96 and a beta of 1.02.

About Dell Technologies

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).