Dell Technologies (NYSE:DELL) Trading Down 0%

Dell Technologies Inc. (NYSE:DELL)’s share price was down 0% during trading on Wednesday . The stock traded as low as $142.09 and last traded at $143.41. Approximately 7,909,577 shares traded hands during trading, a decline of 21% from the average daily volume of 10,021,321 shares. The stock had previously closed at $143.47.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DELL. JPMorgan Chase & Co. increased their price target on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Sanford C. Bernstein raised their target price on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. UBS Group upped their price target on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Wells Fargo & Company increased their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. Finally, Loop Capital upped their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. 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, 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 PEG ratio of 1.77 and a beta of 0.92. The firm’s 50-day moving average is $139.88 and its 200 day moving average is $111.77.

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

Dell Technologies Announces Dividend

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

Insider Activity

In related news, CEO Michael S. Dell sold 2,837,829 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $133.75, for a total value of $379,559,628.75. Following the completion of the transaction, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 owns 731,612 shares in the company, valued at approximately $116,172,669.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 2,837,829 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $133.75, for a total value of $379,559,628.75. Following the completion of the sale, the chief executive officer now directly owns 20,412,241 shares of the company’s stock, valued at approximately $2,730,137,233.75. The disclosure for this sale can be found here. Insiders have sold 6,097,700 shares of company stock worth $823,448,406 over the last ninety days. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in DELL. Massmutual Trust Co. FSB ADV raised its holdings in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC increased its position in Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after buying an additional 98 shares during the last quarter. BSW Wealth Partners raised its stake in Dell Technologies by 0.7% in the first quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock valued at $1,913,000 after buying an additional 114 shares during the period. Ascent Group LLC lifted its position in shares of Dell Technologies by 1.6% in the first quarter. Ascent Group LLC now owns 7,820 shares of the technology company’s stock valued at $892,000 after buying an additional 120 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of Dell Technologies by 1.2% during the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after acquiring an additional 122 shares during the period. 38.10% of the stock is owned by 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).