Dell Technologies (NYSE:DELL) Stock Price Down 1.3%

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DELL. Evercore ISI reissued an “outperform” rating and issued a $165.00 target price on shares of Dell Technologies in a research report on Monday. Wells Fargo & Company increased their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 31st. TD Cowen lifted their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. Morgan Stanley reiterated an “overweight” rating and issued a $155.00 price target on shares of Dell Technologies in a research report on Monday, June 17th. Finally, Sanford C. Bernstein raised their price objective on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Stock Down 0.6 %

The stock has a market capitalization of $101.20 billion, a PE ratio of 29.12, a PEG ratio of 1.78 and a beta of 0.92. The firm’s fifty day moving average is $139.43 and its 200-day moving average is $111.55.

Dell Technologies (NYSE:DELL) last issued its earnings results 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 business had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. On average, analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.25%. Dell Technologies’s payout ratio is currently 36.33%.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares in the company, valued at $116,172,669.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 2,837,829 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $133.75, for a total value of $379,559,628.75. Following the sale, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold a total of 6,097,700 shares of company stock valued at $823,448,406 in the last ninety days. 46.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

A number of large investors have recently added to or reduced their stakes in DELL. Rhumbline Advisers increased its stake in shares of Dell Technologies by 11.3% during the 3rd quarter. Rhumbline Advisers now owns 30,081 shares of the technology company’s stock worth $2,073,000 after purchasing an additional 3,052 shares in the last quarter. LPL Financial LLC increased its position in Dell Technologies by 12.4% during the third quarter. LPL Financial LLC now owns 104,948 shares of the technology company’s stock worth $7,231,000 after buying an additional 11,564 shares in the last quarter. Treasurer of the State of North Carolina acquired a new position in shares of Dell Technologies in the third quarter worth $213,000. Bank of Nova Scotia lifted its position in shares of Dell Technologies by 15.1% in the third quarter. Bank of Nova Scotia now owns 7,718 shares of the technology company’s stock valued at $532,000 after acquiring an additional 1,014 shares in the last quarter. Finally, Glenmede Trust Co. NA purchased a new stake in Dell Technologies during the 3rd quarter worth about $536,000. 38.10% of the stock is owned by institutional investors and hedge funds.

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).