Dell Technologies (NYSE:DELL) Trading Down 2.5% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s stock price traded down 2.5% during trading on Tuesday . The company traded as low as $101.12 and last traded at $101.24. 4,358,771 shares changed hands during trading, a decline of 45% from the average session volume of 7,869,700 shares. The stock had previously closed at $103.84.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent research reports. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Morgan Stanley lifted 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. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Citigroup decreased their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Trading Up 2.3 %

The stock’s 50 day moving average is $118.81 and its two-hundred day moving average is $118.40. The stock has a market cap of $73.85 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the company posted $1.62 EPS. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.69%. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock valued at $115,660,009 over the last three months. 46.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently modified their holdings of DELL. Clean Yield Group acquired a new stake in Dell Technologies during the 3rd quarter valued at $25,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth approximately $28,000. True Wealth Design LLC increased its stake 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 during the last quarter. MCF Advisors LLC raised its holdings in Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after acquiring an additional 165 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after acquiring an additional 218 shares in the last quarter. 76.37% of the stock is currently 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).