Dell Technologies (NYSE:DELL) Trading Down 3%

Dell Technologies Inc. (NYSE:DELL)’s share price was down 3% on Friday . The stock traded as low as $121.75 and last traded at $122.72. Approximately 5,090,126 shares were traded during trading, a decline of 52% from the average daily volume of 10,684,510 shares. The stock had previously closed at $126.49.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James decreased their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. TD Cowen dropped their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Performance

The company has a 50-day moving average price of $110.49 and a 200-day moving average price of $124.32. The firm has a market capitalization of $86.66 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating 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 analysts’ expectations of $24.14 billion. During the same period in the prior year, the business posted $1.44 EPS. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. Equities analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the transaction, the director now owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the sale, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,166,595 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $117.42, for a total value of $136,981,584.90. Following the completion of the sale, the chief executive officer now owns 26,912,241 shares in the company, valued at approximately $3,160,035,338.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,007,047 shares of company stock valued at $1,041,595,745. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Dell Technologies by 22.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after buying an additional 25,117 shares during the last quarter. LRI Investments LLC acquired a new position in Dell Technologies in the 1st quarter valued at about $104,000. Oppenheimer Asset Management Inc. raised its holdings in Dell Technologies by 31.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after acquiring an additional 1,539 shares during the period. Tidal Investments LLC lifted its position in Dell Technologies by 114.2% during the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after acquiring an additional 5,432 shares during the last quarter. Finally, AlpInvest Partners B.V. bought a new stake in shares of Dell Technologies during the second quarter worth approximately $3,138,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Company Profile

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).