Dell Technologies (NYSE:DELL) Shares Down 2.5% – Here’s Why

Dell Technologies Inc. (NYSE:DELL)’s share price fell 2.5% during mid-day trading on Tuesday . The company traded as low as $101.12 and last traded at $101.24. 4,358,771 shares traded hands during trading, a decline of 45% from the average session volume of 7,869,700 shares. The stock had previously closed at $103.84.

Analysts Set New Price Targets

Several research firms have weighed in on DELL. Morgan Stanley increased their price target 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. Citigroup lowered their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Mizuho decreased their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Melius Research boosted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Barclays raised their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Price Performance

The firm has a market cap of $73.85 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. The company’s 50-day simple moving average is $118.81 and its 200 day simple moving average is $118.40.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) 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 firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the company earned $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts anticipate that Dell Technologies Inc. will post 6.92 EPS 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. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is 31.45%.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade 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 have sold 946,132 shares of company stock worth $115,660,009. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DELL. Clean Yield Group purchased a new position in shares of Dell Technologies during the 3rd quarter valued at about $25,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth about $28,000. True Wealth Design LLC raised its stake in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares during the period. MCF Advisors LLC raised its stake in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after buying an additional 165 shares during the period. Finally, Covestor Ltd increased its stake in shares of Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds 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).