Dell Technologies (NYSE:DELL) Shares Down 0.3%

Dell Technologies Inc. (NYSE:DELL)’s share price fell 0.3% on Wednesday . The stock traded as low as $137.88 and last traded at $139.97. 2,251,835 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 9,880,762 shares. The stock had previously closed at $140.35.

Wall Street Analysts Forecast Growth

Several research firms have commented on DELL. Bank of America boosted their target price on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Sanford C. Bernstein lifted their target price on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Morgan Stanley reiterated an “overweight” rating and issued a $155.00 price objective on shares of Dell Technologies in a research note on Monday, June 17th. Finally, TD Cowen boosted their target price on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Stock Down 3.5 %

The stock has a market cap of $96.05 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.74 and a beta of 0.85. The firm’s 50 day moving average is $137.18 and its two-hundred day moving average is $109.10.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm had revenue of $22.24 billion for the quarter, compared to analysts’ expectations of $21.70 billion. On average, analysts anticipate that Dell Technologies Inc. will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a yield of 1.31%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insider Activity

In other news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the sale, the insider now owns 356,077 shares in the company, valued at approximately $45,987,344.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider William F. Scannell sold 106,483 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the sale, the insider now owns 356,077 shares in the company, valued at approximately $45,987,344.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David W. Dorman sold 75,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the transaction, the director now directly owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The disclosure for this sale can be found here. Insiders have sold 6,246,728 shares of company stock valued at $842,917,457 over the last 90 days. 46.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new stake in shares of Dell Technologies during the 4th quarter valued at $25,000. Massmutual Trust Co. FSB ADV increased its holdings 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 buying an additional 82 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. raised its position in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies during the 1st quarter valued at approximately $30,000. Institutional investors 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).