Dell Technologies (NYSE:DELL) Trading Down 1.3%

Dell Technologies Inc. (NYSE:DELL) shares fell 1.3% on Tuesday . The company traded as low as $139.95 and last traded at $140.93. 1,594,911 shares were traded during mid-day trading, a decline of 84% from the average session volume of 9,993,112 shares. The stock had previously closed at $142.82.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DELL. UBS Group increased their price target on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. TD Cowen increased their price objective on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. Bank of America increased their price objective on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Barclays reduced their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. increased their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Stock Down 1.4 %

The stock has a 50 day moving average price of $138.43 and a 200 day moving average price of $110.55. The stock has a market capitalization of $99.87 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 1.71 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 analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The company had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Sell-side analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.26%. Dell Technologies’s payout ratio is currently 36.33%.

Insiders Place Their Bets

In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total value of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the sale, the general counsel now owns 86,836 shares in the company, valued at $11,544,846.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total value of $13,752,279.45. Following the transaction, the insider now directly owns 356,077 shares in the company, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,246,728 shares of company stock worth $842,917,457. 46.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp purchased a new position in Dell Technologies in the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV boosted its position in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at $26,000. Pinnacle Bancorp Inc. raised its stake in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after buying an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the first quarter valued at $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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).