Dell Technologies (NYSE:DELL) Trading Down 1.7% – What’s Next?

Shares of Dell Technologies Inc. (NYSE:DELL) fell 1.7% on Friday . The stock traded as low as $134.84 and last traded at $135.55. 1,488,254 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 10,167,134 shares. The stock had previously closed at $137.87.

Wall Street Analyst Weigh In

DELL has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Mizuho began 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 for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 price objective for the company. Barclays increased their target price on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Finally, Raymond James reduced their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Stock Performance

The firm has a fifty day simple moving average of $119.49 and a two-hundred day simple moving average of $125.78. The firm has a market cap of $94.28 billion, a PE ratio of 24.92, a PEG ratio of 1.37 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (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 the consensus estimate of $24.14 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction 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 approximately $1,957,665,690.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently made changes to their positions in the company. Csenge Advisory Group purchased a new stake in shares of Dell Technologies during the 1st quarter worth $231,000. SG Americas Securities LLC increased its position in shares of Dell Technologies by 1,415.0% during the first quarter. SG Americas Securities LLC now owns 61,268 shares of the technology company’s stock worth $6,991,000 after purchasing an additional 57,224 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at $290,000. Hilltop National Bank purchased a new stake in Dell Technologies during the 1st quarter valued at about $613,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Dell Technologies by 50.5% in the first quarter. Oppenheimer & Co. Inc. now owns 5,306 shares of the technology company’s stock valued at $605,000 after purchasing an additional 1,781 shares during the period. Hedge funds and other 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).