Dell Technologies Inc. (NYSE:DELL) Short Interest Update

Dell Technologies Inc. (NYSE:DELL) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 12,450,000 shares, a decrease of 16.5% from the February 13th total of 14,910,000 shares. Based on an average daily volume of 8,250,000 shares, the short-interest ratio is currently 1.5 days. Approximately 3.3% of the company’s stock are sold short.

Dell Technologies Stock Performance

Shares of DELL traded up $1.90 during trading hours on Thursday, hitting $100.62. The stock had a trading volume of 1,769,396 shares, compared to its average volume of 10,061,901. The company’s fifty day simple moving average is $106.34 and its 200 day simple moving average is $116.82. The firm has a market cap of $70.48 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies has a 12-month low of $86.93 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.09%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is 33.76%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DELL. JPMorgan Chase & Co. decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. UBS Group reduced their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Barclays upped their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, Loop Capital reduced their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock worth $100,327,453 over the last three months. Insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chancellor Financial Group WB LP acquired a new position in Dell Technologies during the 4th quarter worth approximately $313,000. California State Teachers Retirement System raised its holdings in Dell Technologies by 9.5% in the fourth quarter. California State Teachers Retirement System now owns 505,496 shares of the technology company’s stock valued at $58,253,000 after acquiring an additional 43,715 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Dell Technologies in the 4th quarter valued at about $32,599,000. Centaurus Financial Inc. grew its stake in Dell Technologies by 25.2% in the fourth quarter. Centaurus Financial Inc. now owns 7,695 shares of the technology company’s stock worth $887,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Capstone Triton Financial Group LLC increased its holdings in Dell Technologies by 26.1% in the fourth quarter. Capstone Triton Financial Group LLC now owns 7,061 shares of the technology company’s stock valued at $814,000 after buying an additional 1,463 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Company Profile

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).