Dell Technologies Inc. (NYSE:DELL) Short Interest Up 13.2% in December

Dell Technologies Inc. (NYSE:DELL) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 13,280,000 shares, an increase of 13.2% from the December 15th total of 11,730,000 shares. Based on an average daily volume of 7,380,000 shares, the days-to-cover ratio is presently 1.8 days.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 945,407 shares of company stock worth $115,573,009. 46.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

A number of large investors have recently added to or reduced their stakes in DELL. Clean Yield Group purchased a new position in shares of Dell Technologies during the 3rd quarter valued at about $25,000. True Wealth Design LLC grew its position in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the last quarter. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the second quarter worth approximately $33,000. MCF Advisors LLC lifted its holdings in shares of Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after acquiring an additional 165 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DELL. Morgan Stanley upped their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Melius Research upped their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, Barclays lifted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Stock Down 0.4 %

Shares of NYSE DELL opened at $109.65 on Monday. The firm has a market capitalization of $76.81 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.21 and a beta of 0.92. The stock’s 50-day simple moving average is $123.00 and its two-hundred day simple moving average is $120.13. Dell Technologies has a twelve month low of $77.70 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating 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 business had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same period last year, the firm posted $1.62 earnings per share. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, research analysts anticipate that Dell Technologies will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.62%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

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).