Short Interest in Dell Technologies Inc. (NYSE:DELL) Expands By 37.0%

Dell Technologies Inc. (NYSE:DELL) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 13,890,000 shares, a growth of 37.0% from the November 15th total of 10,140,000 shares. Based on an average trading volume of 9,280,000 shares, the short-interest ratio is presently 1.5 days.

Dell Technologies Trading Down 0.6 %

Dell Technologies stock traded down $0.73 during mid-day trading on Friday, reaching $118.45. The company had a trading volume of 5,941,904 shares, compared to its average volume of 10,074,571. The business has a fifty day simple moving average of $128.21 and a 200 day simple moving average of $124.75. The company has a market cap of $83.20 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.26 and a beta of 0.90. Dell Technologies has a fifty-two week low of $70.89 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the previous year, the company posted $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts forecast that Dell Technologies will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.50%. Dell Technologies’s payout ratio is 31.45%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DELL. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna initiated coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Sanford C. Bernstein decreased their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. TD Cowen cut their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Finally, Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $117.93, for a total transaction of $58,965,000.00. Following the transaction, the chief executive officer now directly owns 36,412,241 shares of the company’s stock, valued at $4,294,095,581.13. This represents a 1.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,376,935 shares of company stock valued at $1,620,145,762 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently made changes to their positions in the stock. iA Global Asset Management Inc. lifted its stake in shares of Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares during the period. National Pension Service boosted its stake in shares of Dell Technologies by 8.8% in the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after purchasing an additional 50,304 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in Dell Technologies during the third quarter worth $5,780,000. Harvey Capital Management Inc. acquired a new position in Dell Technologies in the third quarter valued at $2,848,000. Finally, Chicago Capital LLC boosted its position in Dell Technologies by 3.7% during the third quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after acquiring an additional 4,385 shares during the last quarter. Institutional investors own 76.37% 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).