Dell Technologies (NYSE:DELL) Stock Price Down 0.3%

Dell Technologies Inc. (NYSE:DELL) shares fell 0.3% during mid-day trading on Friday . The stock traded as low as $138.13 and last traded at $139.01. 2,836,650 shares were traded during trading, a decline of 71% from the average session volume of 9,901,612 shares. The stock had previously closed at $139.43.

Wall Street Analyst Weigh In

DELL has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. Evercore ISI boosted their target price on shares of Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. TD Cowen raised their price target on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. Citigroup upped their price objective on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $155.00 target price on shares of Dell Technologies in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

Dell Technologies Price Performance

The firm has a market capitalization of $97.82 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.73 and a beta of 0.85. The stock’s 50-day simple moving average is $138.43 and its two-hundred day simple moving average is $110.27.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. On average, analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.29%. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the transaction, the director now owns 806,352 shares in the company, valued at $108,986,536.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the sale, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the transaction, the director now owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The disclosure for this sale can be found here. Insiders sold a total of 6,246,728 shares of company stock valued at $842,917,457 in the last three months. 46.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds have recently bought and sold shares of DELL. Raymond James & Associates raised its position in shares of Dell Technologies by 27.2% during the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock valued at $20,936,000 after buying an additional 58,590 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Dell Technologies by 158.3% in the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock valued at $17,762,000 after purchasing an additional 142,337 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Dell Technologies by 171.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 10,350 shares during the period. Aigen Investment Management LP bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $410,000. Finally, Assenagon Asset Management S.A. lifted its position in Dell Technologies by 1,475.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after buying an additional 272,144 shares during the last quarter. Hedge funds and other institutional investors 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).