Dell Technologies (NYSE:DELL) Stock Price Down 0.6%

Dell Technologies Inc. (NYSE:DELL)’s share price fell 0.6% during trading on Monday . The stock traded as low as $110.60 and last traded at $111.32. 2,630,769 shares changed hands during trading, a decline of 74% from the average session volume of 10,151,397 shares. The stock had previously closed at $112.01.

Analysts Set New Price Targets

Several research firms recently weighed in on DELL. Sanford C. Bernstein upped their price objective on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Loop Capital upped their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Barclays raised shares of Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 price target for the company in a report on Tuesday, August 13th. Finally, TD Cowen upped their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.38.

Dell Technologies Price Performance

The business has a fifty day moving average of $121.56 and a 200 day moving average of $122.10. The stock has a market cap of $79.12 billion, a price-to-earnings ratio of 22.76, a P/E/G 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 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The firm had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. On average, analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.60%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other 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 stock was 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 directly owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 stock was 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 directly owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total value of $159,018,661.92. Following the completion of the sale, the chief executive officer now directly owns 26,725,566 shares of the company’s stock, valued at $3,526,705,689.36. The disclosure for this sale can be found here. Insiders have sold a total of 7,058,131 shares of company stock worth $963,293,619 over the last 90 days. Insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Dell Technologies by 22.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after purchasing an additional 25,117 shares during the period. Los Angeles Capital Management LLC raised its stake in Dell Technologies by 171.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 10,350 shares in the last quarter. LRI Investments LLC acquired a new position in Dell Technologies during the first quarter worth $104,000. Oppenheimer Asset Management Inc. raised its stake in Dell Technologies by 31.1% during the first 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 acquired a new position in Dell Technologies during the fourth quarter worth $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).