Short Interest in Dell Technologies Inc. (NYSE:DELL) Rises By 26.4%

Dell Technologies Inc. (NYSE:DELL) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 7,420,000 shares, an increase of 26.4% from the March 15th total of 5,870,000 shares. Based on an average trading volume of 2,640,000 shares, the short-interest ratio is presently 2.8 days.

A number of research firms have recently issued reports on DELL. The Goldman Sachs Group upgraded shares of Dell Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $68.00 to $96.00 in a report on Tuesday, February 2nd. Zacks Investment Research lowered shares of Dell Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, March 4th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, April 15th. Credit Suisse Group boosted their target price on shares of Dell Technologies from $80.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, April 15th. Finally, Argus initiated coverage on shares of Dell Technologies in a report on Wednesday, January 20th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $90.53.

In related news, COO Jeffrey W. Clarke sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 25th. The shares were sold at an average price of $75.49, for a total value of $7,549,000.00. Following the sale, the chief operating officer now directly owns 484,445 shares in the company, valued at approximately $36,570,753.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas W. Sweet sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $87.74, for a total transaction of $17,548,000.00. Following the completion of the sale, the chief financial officer now owns 284,968 shares in the company, valued at $25,003,092.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 633,754 shares of company stock valued at $52,887,145. Company insiders own 48.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC boosted its stake in shares of Dell Technologies by 12.8% in the 4th quarter. Advisory Services Network LLC now owns 1,220 shares of the technology company’s stock valued at $89,000 after purchasing an additional 138 shares during the last quarter. Synovus Financial Corp boosted its stake in shares of Dell Technologies by 3.5% in the 4th quarter. Synovus Financial Corp now owns 4,764 shares of the technology company’s stock valued at $344,000 after purchasing an additional 162 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Dell Technologies by 1.6% in the 4th quarter. Amalgamated Bank now owns 11,605 shares of the technology company’s stock valued at $851,000 after purchasing an additional 186 shares during the last quarter. Hexavest Inc. boosted its stake in shares of Dell Technologies by 54.0% in the 4th quarter. Hexavest Inc. now owns 579 shares of the technology company’s stock valued at $42,000 after purchasing an additional 203 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in Dell Technologies by 6.7% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,379 shares of the technology company’s stock worth $248,000 after acquiring an additional 212 shares during the last quarter. 27.38% of the stock is currently owned by institutional investors.

Shares of NYSE:DELL opened at $101.48 on Wednesday. Dell Technologies has a 12 month low of $37.20 and a 12 month high of $103.80. The company’s 50-day moving average price is $89.74 and its two-hundred day moving average price is $76.47. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 7.29. The firm has a market cap of $77.40 billion, a P/E ratio of 31.91, a P/E/G ratio of 0.95 and a beta of 0.96.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, February 25th. The technology company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.51. Dell Technologies had a net margin of 2.63% and a return on equity of 124.18%. The firm had revenue of $26.15 billion for the quarter, compared to analyst estimates of $24.48 billion. As a group, equities analysts predict that Dell Technologies will post 6.25 earnings per share for the current fiscal year.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

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