Dell Technologies (NYSE:DELL) Trading Down 1.6% – Time to Sell?

Shares of Dell Technologies Inc. (NYSE:DELL) traded down 1.6% during trading on Friday . The company traded as low as $132.14 and last traded at $132.24. 1,307,143 shares traded hands during trading, a decline of 87% from the average session volume of 10,065,328 shares. The stock had previously closed at $134.43.

Wall Street Analyst Weigh In

DELL has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Morgan Stanley raised their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. TD Cowen reduced their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Barclays raised their target price on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 price target for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.63.

Dell Technologies Stock Down 2.1 %

The stock has a market capitalization of $92.46 billion, a P/E ratio of 24.20, a P/E/G ratio of 1.42 and a beta of 0.89. The firm’s 50 day simple moving average is $123.03 and its two-hundred day simple moving average is $126.39.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.35%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Buying and Selling at Dell Technologies

In other news, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Avantax Advisory Services Inc. increased its stake in Dell Technologies by 30.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 6,513 shares of the technology company’s stock valued at $743,000 after buying an additional 1,520 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Dell Technologies during the first quarter worth $282,000. HBK Sorce Advisory LLC purchased a new position in Dell Technologies in the first quarter worth $206,000. Blair William & Co. IL grew its stake in Dell Technologies by 537.4% in the 1st quarter. Blair William & Co. IL now owns 47,141 shares of the technology company’s stock valued at $5,379,000 after purchasing an additional 39,745 shares during the period. Finally, Patten & Patten Inc. TN increased its position in shares of Dell Technologies by 41.3% during the 1st quarter. Patten & Patten Inc. TN now owns 5,387 shares of the technology company’s stock valued at $615,000 after purchasing an additional 1,574 shares during the last quarter. 38.10% of the stock is owned by institutional investors.

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).