Dell Technologies (NYSE:DELL) Stock Price Down 4.4% – Here’s Why

Dell Technologies Inc. (NYSE:DELL) shares fell 4.4% during mid-day trading on Thursday . The stock traded as low as $123.66 and last traded at $123.69. 2,165,438 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 10,207,687 shares. The stock had previously closed at $129.40.

Analyst Upgrades and Downgrades

DELL has been the subject of several recent analyst reports. Citigroup upped their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Raymond James decreased their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Sanford C. Bernstein dropped their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Mizuho initiated coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Stock Down 3.9 %

The company has a market capitalization of $87.30 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90. The stock has a 50 day moving average of $117.48 and a 200 day moving average of $125.33.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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 net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the prior year, the firm posted $1.44 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock worth $2,113,353,236 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Advisors Management Group Inc. ADV acquired a new position in Dell Technologies during the 3rd quarter valued at about $2,142,000. Graypoint LLC increased its stake in Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after buying an additional 86 shares during the last quarter. Benchmark Financial Wealth Advisors LLC bought a new position in shares of Dell Technologies during the 3rd quarter worth approximately $220,000. Avidian Wealth Enterprises LLC purchased a new position in shares of Dell Technologies in the 3rd quarter worth approximately $283,000. Finally, Austin Private Wealth LLC grew its holdings in shares of Dell Technologies by 26.7% in the third quarter. Austin Private Wealth LLC now owns 5,684 shares of the technology company’s stock valued at $674,000 after acquiring an additional 1,199 shares in the last quarter. 38.10% of the stock is currently 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).