Dell Technologies (NYSE:DELL) Trading Down 4.9% – What’s Next?

Dell Technologies Inc. (NYSE:DELL)’s stock price traded down 4.9% during trading on Tuesday . The company traded as low as $119.35 and last traded at $119.49. 2,599,981 shares traded hands during trading, a decline of 75% from the average session volume of 10,344,902 shares. The stock had previously closed at $125.66.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DELL shares. Sanford C. Bernstein dropped their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a report on Friday, September 27th. They set a “buy” rating and a $144.00 price target on the stock. Susquehanna initiated coverage on shares of Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Price Performance

The company’s fifty day moving average is $115.56 and its 200-day moving average is $125.47. The company has a market capitalization of $85.61 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.47%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael S. Dell sold 1,602,535 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $107.42, for a total value of $172,144,309.70. Following the completion of the sale, the chief executive officer now directly owns 15,412,241 shares in the company, valued at $1,655,582,928.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction 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 sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last three months. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clean Yield Group purchased a new position in Dell Technologies during the third quarter worth about $25,000. Accordant Advisory Group Inc purchased a new stake in Dell Technologies in the second quarter valued at approximately $28,000. New Covenant Trust Company N.A. acquired a new position in Dell Technologies during the first quarter worth $30,000. Nemes Rush Group LLC purchased a new position in shares of Dell Technologies during the second quarter worth $33,000. Finally, Crewe Advisors LLC purchased a new position in Dell Technologies during the 2nd quarter valued at about $34,000. 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).