Dell Technologies (NYSE:DELL) Stock Price Down 2.1% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL)’s stock price dropped 2.1% on Thursday . The company traded as low as $116.77 and last traded at $118.43. Approximately 1,936,068 shares changed hands during trading, a decline of 77% from the average daily volume of 8,257,994 shares. The stock had previously closed at $120.96.

Analysts Set New Price Targets

DELL has been the topic of several analyst reports. Bank of America decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. Morgan Stanley decreased their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft reduced their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Finally, OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $145.00.

Dell Technologies Price Performance

The firm has a 50-day moving average of $113.11 and a 200 day moving average of $117.55. The company has a market capitalization of $82.41 billion, a PE ratio of 20.79, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the business posted $1.62 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the sale, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is owned by insiders.

Institutional Trading of Dell Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter worth $25,000. Vision Financial Markets LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies in the 4th quarter worth approximately $28,000. Finally, True Wealth Design LLC lifted its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other 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).