Dell Technologies (NYSE:DELL) Stock Price Down 0%

Dell Technologies Inc. (NYSE:DELL) was down 0% during trading on Wednesday . The stock traded as low as $142.09 and last traded at $143.41. Approximately 7,909,577 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 10,021,321 shares. The stock had previously closed at $143.47.

Analyst Ratings Changes

Several research firms have recently weighed in on DELL. Wells Fargo & Company increased their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Loop Capital raised their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $155.00 price objective on shares of Dell Technologies in a research report on Monday, June 17th. Barclays decreased their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 31st. Finally, Bank of America upped their price target on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Price Performance

The stock has a market capitalization of $100.17 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92. The firm has a 50 day simple moving average of $139.43 and a 200-day simple moving average of $111.55.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. The business had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.26%. Dell Technologies’s dividend payout ratio is 36.33%.

Insiders Place Their Bets

In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now directly owns 86,836 shares in the company, valued at $11,544,846.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares in the company, valued at $116,172,669.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,140,245 shares of company stock valued at $829,165,177. 46.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after buying an additional 647,192 shares during the period. Boston Partners raised its position in shares of Dell Technologies by 2.1% in the 4th quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock valued at $733,564,000 after acquiring an additional 197,435 shares during the period. Capital World Investors bought a new position in Dell Technologies during the 1st quarter worth approximately $835,946,000. Morgan Stanley grew its holdings in Dell Technologies by 96.9% during the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after purchasing an additional 2,472,866 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Dell Technologies by 14.8% in the fourth quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after purchasing an additional 520,677 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

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).