Dell Technologies (NYSE:DELL) Stock Price Down 2.9% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL)’s share price traded down 2.9% on Tuesday . The stock traded as low as $109.66 and last traded at $110.81. 2,008,764 shares were traded during mid-day trading, a decline of 75% from the average session volume of 8,071,373 shares. The stock had previously closed at $114.14.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Bank of America decreased their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Citigroup dropped their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $145.00.

Dell Technologies Stock Performance

The business’s 50 day moving average price is $113.00 and its 200-day moving average price is $118.08. The company has a market cap of $77.65 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter last year, the company earned $1.62 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 937,407 shares of company stock worth $114,418,186 over the last three months. 46.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of DELL. Burns J W & Co. Inc. NY bought a new position in Dell Technologies in the 4th quarter valued at $1,272,000. iA Global Asset Management Inc. boosted its holdings in 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 valued at $1,345,000 after acquiring an additional 5,203 shares during the last quarter. National Pension Service increased its position in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares during the period. Sky Investment Group LLC bought a new stake in Dell Technologies during the 4th quarter worth about $1,687,000. Finally, Enclave Advisors LLC acquired a new position in Dell Technologies during the 4th quarter valued at about $848,000. 76.37% of the stock is owned by institutional investors.

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).