Dell Technologies (NYSE:DELL) Trading Down 0.3%

Dell Technologies Inc. (NYSE:DELL) dropped 0.3% on Friday . The company traded as low as $138.13 and last traded at $139.01. Approximately 2,836,650 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 9,901,612 shares. The stock had previously closed at $139.43.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. The Goldman Sachs Group upped their target price on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Morgan Stanley restated an “overweight” rating and issued a $155.00 target price on shares of Dell Technologies in a research note on Monday, June 17th. Bank of America upped their target price on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Sanford C. Bernstein increased their price objective on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Trading Down 1.8 %

The company has a market capitalization of $97.09 billion, a PE ratio of 28.37, a PEG ratio of 1.71 and a beta of 0.85. The firm has a fifty day moving average of $137.55 and a two-hundred day moving average of $109.30.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. On average, equities analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 2,837,829 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was 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 owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Michael S. Dell sold 139,419 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total value of $18,986,079.42. Following the completion of the transaction, the chief executive officer now owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The transaction 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 firm’s 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 transaction, the chief executive officer now 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. In the last 90 days, insiders sold 6,246,728 shares of company stock worth $842,917,457. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV increased its position in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares in the last quarter. J.P. Marvel Investment Advisors LLC increased its position in Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after buying an additional 98 shares in the last quarter. BSW Wealth Partners increased its position in Dell Technologies by 0.7% during the 1st 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 in the last quarter. Ascent Group LLC increased its position in Dell Technologies by 1.6% during the 1st 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 in the last quarter. Finally, Greenleaf Trust increased its holdings in shares of Dell Technologies by 1.2% in the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

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).