Dell Technologies (NYSE:DELL) Trading Down 0.5%

Dell Technologies Inc. (NYSE:DELL) dropped 0.5% on Monday . The company traded as low as $116.58 and last traded at $116.94. Approximately 1,650,410 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 10,697,753 shares. The stock had previously closed at $117.50.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research reports. Loop Capital lifted their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Mizuho initiated coverage on Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target for the company. Raymond James cut their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Evercore ISI reissued an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $139.19.

Dell Technologies Trading Down 0.2 %

The firm has a market cap of $83.17 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.15 and a beta of 0.90. The firm has a 50-day moving average of $111.30 and a two-hundred day moving average of $124.35.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same period in the previous year, the company earned $1.44 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.52%. Dell Technologies’s payout ratio is 36.33%.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 1,546,550 shares of Dell Technologies stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $116.30, for a total transaction of $179,863,765.00. Following the sale, the chief executive officer now owns 11,912,241 shares of the company’s stock, valued at approximately $1,385,393,628.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael S. Dell sold 1,546,550 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total value of $179,863,765.00. Following the sale, the chief executive officer now owns 11,912,241 shares of the company’s stock, valued at $1,385,393,628.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the sale, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,297,857 shares of company stock worth $840,653,193. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies in the 4th quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV boosted its stake in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies during the second quarter worth $28,000. New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies in the first quarter valued at $30,000. Finally, Nemes Rush Group LLC bought a new position in shares of Dell Technologies in the second quarter valued at about $33,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).