Dell Technologies (NYSE:DELL) Shares Down 1.4%

Dell Technologies Inc. (NYSE:DELL) traded down 1.4% on Wednesday . The company traded as low as $107.43 and last traded at $109.21. 3,557,529 shares were traded during trading, a decline of 66% from the average session volume of 10,354,659 shares. The stock had previously closed at $110.77.

Analyst Ratings Changes

Several research firms have issued reports on DELL. Morgan Stanley dropped their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. TD Cowen decreased their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Loop Capital lifted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Wells Fargo & Company decreased their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, UBS Group decreased their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $136.80.

Dell Technologies Trading Down 1.3 %

The firm’s 50-day moving average is $119.18 and its 200-day moving average is $123.16. The firm has a market cap of $77.58 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 1.43 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts forecast that Dell Technologies Inc. will post 6.86 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s payout ratio is currently 36.33%.

Insider Activity at Dell Technologies

In other news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the sale, the director now owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction that occurred 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 transaction, the director now directly owns 731,612 shares in the company, valued at $116,172,669.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,041,697 shares of company stock worth $961,072,399. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DELL. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after buying an additional 25,117 shares during the period. Los Angeles Capital Management LLC increased its position in Dell Technologies by 171.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 10,350 shares during the period. LRI Investments LLC purchased a new stake in shares of Dell Technologies in the 1st quarter worth about $104,000. Oppenheimer Asset Management Inc. raised its position in shares of Dell Technologies by 31.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after acquiring an additional 1,539 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $410,000. 38.10% of the stock is 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).