Dell Technologies (NYSE:DELL) Stock Price Down 2.6% After Earnings Miss

Shares of Dell Technologies Inc. (NYSE:DELL) traded down 2.6% during trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $110.77 and last traded at $112.63. 3,362,108 shares changed hands during trading, a decline of 58% from the average session volume of 8,091,356 shares. The stock had previously closed at $115.65.

The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter last year, the firm posted $1.62 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Bank of America decreased their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft cut their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Morgan Stanley dropped their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $144.53.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 937,407 shares of company stock valued at $114,418,186 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter worth about $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies during the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies in the fourth quarter valued at about $28,000. Finally, True Wealth Design LLC increased its position in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Performance

The company has a market capitalization of $71.35 billion, a PE ratio of 18.04, a P/E/G ratio of 1.10 and a beta of 0.90. The stock has a 50 day moving average price of $112.83 and a two-hundred day moving average price of $118.12.

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).