Dell Technologies (NYSE:DELL) Shares Up 0% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s share price traded up 0% during mid-day trading on Monday . The company traded as high as $126.98 and last traded at $126.49. 1,017,008 shares traded hands during trading, a decline of 90% from the average session volume of 10,365,893 shares. The stock had previously closed at $126.46.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DELL shares. Barclays raised their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Raymond James reduced their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. raised their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Morgan Stanley reduced their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Finally, Sanford C. Bernstein lowered their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Stock Down 0.8 %

The stock has a market capitalization of $84.75 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90. The firm has a 50-day moving average of $115.97 and a two-hundred day moving average of $125.38.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate 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 business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the company posted $1.44 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.49%. Dell Technologies’s payout ratio is 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This trade represents 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 at the SEC website. In related news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 1,602,535 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $107.42, for a total transaction of $172,144,309.70. Following the transaction, the chief executive officer now directly owns 15,412,241 shares of the company’s stock, valued at approximately $1,655,582,928.22. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DELL. Capital World Investors bought a new position in Dell Technologies during the first quarter valued at about $835,946,000. International Assets Investment Management LLC boosted its stake in Dell Technologies by 19,376.1% during the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after buying an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock valued at $319,771,000 after buying an additional 51,804 shares during the period. Bahl & Gaynor Inc. raised its stake in shares of Dell Technologies by 4.1% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after buying an additional 55,763 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Dell Technologies by 103.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).