Dell Technologies (NYSE:DELL) Stock Price Down 5.5%

Dell Technologies Inc. (NYSE:DELL) shares were down 5.5% during mid-day trading on Wednesday . The stock traded as low as $125.40 and last traded at $126.86. Approximately 8,396,321 shares traded hands during trading, a decline of 16% from the average daily volume of 9,994,574 shares. The stock had previously closed at $134.26.

Analyst Ratings Changes

A number of brokerages recently commented on DELL. Citigroup upped their target price on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Wells Fargo & Company raised their target price on shares of Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Bank of America boosted their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. 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. Finally, UBS Group increased their target price on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Trading Down 6.8 %

The stock’s 50 day moving average is $142.77 and its 200-day moving average is $116.20. The company has a market cap of $88.80 billion, a P/E ratio of 25.89, a PEG ratio of 1.70 and a beta of 0.92.

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

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the sale, the director now owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the transaction, the director now directly owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the sale, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold a total of 7,032,750 shares of company stock valued at $959,881,905 over the last ninety days. 46.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

Several large investors have recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp bought a new position in shares of Dell Technologies in the fourth quarter worth about $25,000. Massmutual Trust Co. FSB ADV raised its stake in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the period. Anchor Investment Management LLC purchased a new position in Dell Technologies during the fourth quarter valued at approximately $26,000. Pinnacle Bancorp Inc. boosted its position in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after purchasing an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies in the first quarter worth $30,000. 38.10% of the stock is currently owned by institutional investors.

Dell Technologies 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).