Short Interest in Dell Technologies Inc. (NYSE:DELL) Increases By 13.2%

Dell Technologies Inc. (NYSE:DELL) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 13,280,000 shares, a growth of 13.2% from the December 15th total of 11,730,000 shares. Based on an average trading volume of 7,380,000 shares, the days-to-cover ratio is presently 1.8 days.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 945,407 shares of company stock valued at $115,573,009. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Several hedge funds have recently bought and sold shares of DELL. New Century Financial Group LLC bought a new position in Dell Technologies in the 4th quarter valued at about $1,099,000. Veracity Capital LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth approximately $217,000. Avior Wealth Management LLC lifted its holdings in shares of Dell Technologies by 76.9% in the fourth quarter. Avior Wealth Management LLC now owns 9,357 shares of the technology company’s stock valued at $1,078,000 after purchasing an additional 4,069 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Dell Technologies by 7.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 105,007 shares of the technology company’s stock valued at $12,101,000 after buying an additional 7,647 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in Dell Technologies by 24.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,004 shares of the technology company’s stock worth $116,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DELL. Morgan Stanley lifted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Citigroup lowered their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Barclays upped their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Trading Down 0.4 %

NYSE:DELL opened at $109.65 on Monday. Dell Technologies has a 12 month low of $77.70 and a 12 month high of $179.70. The stock has a market capitalization of $76.81 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.21 and a beta of 0.92. The firm has a fifty day simple moving average of $123.00 and a two-hundred day simple moving average of $120.13.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $1.62 EPS. Equities analysts predict that Dell Technologies will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced 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. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).