Dell Technologies (NYSE:DELL) Trading Down 1.3%

Shares of Dell Technologies Inc. (NYSE:DELL) dropped 1.3% during trading on Tuesday . The stock traded as low as $139.95 and last traded at $140.93. Approximately 1,594,911 shares changed hands during trading, a decline of 84% from the average daily volume of 9,993,112 shares. The stock had previously closed at $142.82.

Analyst Upgrades and Downgrades

DELL has been the subject of several research reports. Bank of America raised their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. TD Cowen raised their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, May 31st. Barclays decreased their price target on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a report on Friday, May 31st. UBS Group raised their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Morgan Stanley restated an “overweight” rating and set a $155.00 price target on shares of Dell Technologies in a report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Stock Down 1.4 %

The company has a market cap of $99.87 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92. The stock’s 50-day moving average price is $138.43 and its 200 day moving average price is $110.55.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $21.70 billion. Analysts expect that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Insider Buying and Selling

In related news, insider William F. Scannell sold 106,483 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the sale, the insider now owns 356,077 shares in the company, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,246,728 shares of company stock valued at $842,917,457. 46.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently bought and sold shares of DELL. Vanguard Group Inc. boosted its stake in shares of Dell Technologies by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after purchasing an additional 647,192 shares in the last quarter. Boston Partners boosted its stake 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 purchasing an additional 197,435 shares in the last quarter. Capital World Investors acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $835,946,000. Morgan Stanley boosted its stake in shares of Dell Technologies by 96.9% in the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after purchasing an additional 2,472,866 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Dell Technologies by 14.8% in the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after purchasing an additional 520,677 shares in the last quarter. Institutional investors and hedge funds 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).