Dell Technologies (NYSE:DELL) Trading Down 1.3%

Dell Technologies Inc. (NYSE:DELL) shares fell 1.3% during trading on Tuesday . The company traded as low as $139.95 and last traded at $140.93. 1,594,911 shares traded hands during trading, a decline of 84% from the average session volume of 9,993,112 shares. The stock had previously closed at $142.82.

Analyst Upgrades and Downgrades

DELL has been the subject of several research analyst reports. Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Dell Technologies in a report on Monday. Sanford C. Bernstein upped 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. UBS Group increased their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Loop Capital boosted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, TD Cowen increased their price target on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Stock Performance

The firm has a market capitalization of $101.20 billion, a P/E ratio of 29.12, a price-to-earnings-growth ratio of 1.78 and a beta of 0.92. The firm has a 50 day moving average price of $139.43 and a two-hundred day moving average price of $111.55.

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

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the transaction, the director now directly owns 114,317 shares in the company, valued at approximately $15,462,517.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now directly owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the transaction, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,097,700 shares of company stock worth $823,448,406. 46.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of DELL. Jones Financial Companies Lllp purchased a new stake in shares of Dell Technologies during the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Pinnacle Bancorp Inc. raised its position in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares in the last quarter. Finally, New Covenant Trust Company N.A. acquired a new stake in Dell Technologies in the first quarter valued at approximately $30,000. Institutional investors and hedge funds 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).