Short Interest in Dell Technologies Inc. (NYSE:DELL) Declines By 8.8%

Dell Technologies Inc. (NYSE:DELL) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 9,430,000 shares, a decrease of 8.8% from the October 15th total of 10,340,000 shares. Based on an average daily trading volume, of 10,100,000 shares, the days-to-cover ratio is currently 0.9 days.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC increased its holdings in Dell Technologies by 1.4% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after acquiring an additional 80 shares during the last quarter. Intrepid Financial Planning Group LLC increased its position in shares of Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after buying an additional 80 shares during the period. Smithfield Trust Co lifted its stake in Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after purchasing an additional 84 shares in the last quarter. Graypoint LLC boosted its position in shares of Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after acquiring an additional 86 shares during the last quarter. Finally, Affinity Wealth Management LLC increased its position in shares of Dell Technologies by 2.5% in the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock worth $422,000 after purchasing an additional 87 shares during the last quarter. 38.10% of the stock is owned by institutional investors.

Dell Technologies Trading Down 0.9 %

NYSE DELL traded down $1.22 during trading hours on Tuesday, hitting $134.79. The company’s stock had a trading volume of 2,560,397 shares, compared to its average volume of 10,032,979. The company’s 50-day simple moving average is $123.63 and its two-hundred day simple moving average is $126.55. Dell Technologies has a 52 week low of $67.51 and a 52 week high of $179.70. The company has a market capitalization of $94.68 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Dell Technologies will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Analysts Set New Price Targets

DELL has been the topic of several recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research report on Wednesday, August 28th. Citigroup upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday. UBS Group cut their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.88.

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).