Dell Technologies (NYSE:DELL) Stock Price Down 2.3%

Dell Technologies Inc. (NYSE:DELL)’s stock price was down 2.3% during mid-day trading on Thursday . The company traded as low as $110.33 and last traded at $113.41. Approximately 6,168,919 shares changed hands during trading, a decline of 38% from the average daily volume of 10,013,532 shares. The stock had previously closed at $116.12.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DELL shares. Loop Capital lifted their target price on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Evercore ISI reiterated an “outperform” rating and issued a $165.00 target price on shares of Dell Technologies in a research note on Monday, July 1st. Morgan Stanley reiterated an “overweight” rating and issued a $155.00 target price on shares of Dell Technologies in a research note on Monday, June 17th. Barclays lowered their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 31st. Finally, Bank of America lifted their target price on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Stock Up 1.9 %

The firm has a fifty day moving average of $140.09 and a 200-day moving average of $118.15. The stock has a market capitalization of $80.57 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.38 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. As a group, research analysts forecast that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.57%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insider Transactions at Dell Technologies

In other news, Director Lake Group L.L.C. Silver sold 25,381 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares of the company’s stock, valued at $105,878,466.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares in the company, valued at $105,878,466.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 2,837,829 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $133.75, for a total value of $379,559,628.75. Following the completion of the transaction, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The disclosure for this sale can be found here. Insiders sold a total of 7,058,131 shares of company stock valued at $963,293,619 over the last three months. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new position in Dell Technologies in the fourth quarter valued at $25,000. Massmutual Trust Co. FSB ADV grew its position in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the period. Accordant Advisory Group Inc purchased a new stake in Dell Technologies during the second quarter valued at about $28,000. Pinnacle Bancorp Inc. grew its position in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. purchased a new stake in Dell Technologies during the first quarter valued at about $30,000. 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).