Dell Technologies (NYSE:DELL) Stock Price Down 5.1%

Shares of Dell Technologies Inc. (NYSE:DELL) dropped 5.1% during trading on Friday . The stock traded as low as $101.55 and last traded at $101.73. Approximately 4,039,093 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 10,334,004 shares. The stock had previously closed at $107.16.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research reports. Citigroup raised their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Loop Capital lifted their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Morgan Stanley lowered their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Finally, Wells Fargo & Company decreased their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Two equities research 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $136.80.

Dell Technologies Stock Performance

The firm has a market cap of $72.58 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92. The stock has a fifty day simple moving average of $117.95 and a 200 day simple moving average of $122.95.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 182.71% and a net margin of 4.32%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the business posted $1.44 EPS. Research analysts predict that Dell Technologies Inc. will post 6.86 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were issued a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.74%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 1,340,823 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $133.67, for a total value of $179,227,810.41. Following the completion of the sale, the chief executive officer now owns 28,931,999 shares in the company, valued at $3,867,340,306.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 1,340,823 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $133.67, for a total transaction of $179,227,810.41. Following the sale, the chief executive officer now directly owns 28,931,999 shares in the company, valued at $3,867,340,306.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,902,278 shares of company stock valued at $942,086,320. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

A number of hedge funds have recently bought and sold shares of DELL. Vanguard Group Inc. boosted its position in Dell Technologies by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after buying an additional 647,192 shares during the period. Boston Partners lifted its position in shares of Dell Technologies by 2.1% during the 4th quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after purchasing an additional 197,435 shares during the last quarter. Capital World Investors purchased a new stake in shares of Dell Technologies during the 1st quarter worth $835,946,000. Point72 Asset Management L.P. lifted its position in shares of Dell Technologies by 14.8% during the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after purchasing an additional 520,677 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Dell Technologies by 449.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).