Dell Technologies (NYSE:DELL) Stock Price Down 1%

Dell Technologies Inc. (NYSE:DELL)’s share price traded down 1% during mid-day trading on Thursday . The stock traded as low as $112.33 and last traded at $112.56. 1,211,510 shares traded hands during trading, a decline of 88% from the average session volume of 10,024,256 shares. The stock had previously closed at $113.68.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays lowered their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 31st. Morgan Stanley reiterated an “overweight” rating and set a $155.00 price objective on shares of Dell Technologies in a research report on Monday, June 17th. Sanford C. Bernstein upped their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, UBS Group upped their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Trading Down 4.6 %

The firm has a 50 day moving average price of $137.95 and a two-hundred day moving average price of $119.11. The firm has a market capitalization of $76.91 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data 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 company had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. As a group, research analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the sale, the director now owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 139,419 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the sale, the chief executive officer now directly owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the transaction, the director now owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,058,131 shares of company stock worth $963,293,619. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew 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 worth $1,346,054,000 after purchasing an additional 647,192 shares in the last quarter. Boston Partners increased its holdings 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 last quarter. Capital World Investors acquired a new stake in shares of Dell Technologies during the 1st quarter valued at approximately $835,946,000. Point72 Asset Management L.P. lifted its stake in Dell Technologies by 14.8% during the fourth quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after purchasing an additional 520,677 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares during the period. 38.10% of the stock is currently owned by institutional investors.

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).