Dell Technologies (NYSE:DELL) Trading Down 0.2% – What’s Next?

by · The Cerbat Gem

Dell Technologies Inc. (NYSE:DELL – Get Free Report) shares traded down 0.2% on Thursday . The stock traded as low as $137.02 and last traded at $138.02. 1,521,360 shares were traded during trading, a decline of 85% from the average session volume of 10,185,202 shares. The stock had previously closed at $138.35.

Analysts Set New Price Targets

A number of research analysts have weighed in on DELL shares. JPMorgan Chase & Co. increased their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. UBS Group dropped their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Bank of America upped their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Raymond James dropped their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Barclays upped their price objective on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Read Our Latest Research Report on DELL

Dell Technologies Stock Performance

The business has a 50 day simple moving average of $119.49 and a 200-day simple moving average of $125.78. The firm has a market capitalization of $96.88 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.37 and a beta of 0.89.

Dell Technologies (NYSE:DELL – Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS. Equities analysts predict that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.29%. Dell Technologies’s dividend payout ratio is presently 32.72%.

Insider Activity

In other news, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares in the company, valued at $8,593,017.27. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies during the second quarter worth about $28,000. Clean Yield Group acquired a new position in Dell Technologies during the third quarter worth approximately $25,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies in the second quarter valued at approximately $33,000. Crewe Advisors LLC purchased a new position in shares of Dell Technologies during the second quarter worth approximately $34,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the 1st quarter valued at $30,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

About Dell Technologies

(Get Free Report)

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).

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