Dell Technologies (NYSE:DELL) Shares Down 0.2% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) fell 0.2% during mid-day trading on Thursday . The company traded as low as $137.02 and last traded at $138.02. 1,521,360 shares were traded during trading, a decline of 85% from the average session volume of 10,185,202 shares. The stock had previously closed at $138.35.

Analyst Ratings Changes

DELL has been the topic of several recent research reports. Susquehanna started coverage on Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target on the stock. Bank of America boosted their target price on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. increased their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Dell Technologies Stock Down 0.3 %

The stock has a fifty day moving average price of $119.49 and a two-hundred day moving average price of $125.78. The company has a market capitalization of $96.88 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.37 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.29%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. Insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Hedge funds have recently made changes to their positions in the business. Capital World Investors acquired a new stake in shares of Dell Technologies in the first quarter valued at about $835,946,000. International Assets Investment Management LLC raised its stake in shares of Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of Dell Technologies by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after purchasing an additional 51,804 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Dell Technologies by 4.1% in the second quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after purchasing an additional 55,763 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after buying an additional 575,166 shares during the period. Hedge funds and other 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).