Dell Technologies (NYSE:DELL) Shares Down 1.5%

Dell Technologies Inc. (NYSE:DELL)’s share price fell 1.5% during mid-day trading on Friday . The stock traded as low as $115.08 and last traded at $116.06. 2,007,326 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 10,344,576 shares. The stock had previously closed at $117.77.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DELL shares. Morgan Stanley dropped their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Susquehanna started coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Mizuho began coverage on Dell Technologies in a research note on Tuesday. They set an “outperform” rating and a $135.00 price target on the stock. Finally, Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $139.19.

Dell Technologies Price Performance

The stock has a market capitalization of $84.10 billion, a P/E ratio of 23.69, a PEG ratio of 1.15 and a beta of 0.90. The company’s 50 day simple moving average is $111.74 and its two-hundred day simple moving average is $124.29.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the prior year, the company earned $1.44 EPS. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.50%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insiders Place Their Bets

In related news, CMO Jane Tunnell sold 3,624 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the sale, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the sale, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the sale, the director now directly owns 731,612 shares of the company’s stock, valued at $107,400,641.60. The disclosure for this sale can be found here. Insiders have sold a total of 7,297,857 shares of company stock valued at $840,653,193 in the last 90 days. 46.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in Dell Technologies in the fourth quarter valued at about $25,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the period. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the 2nd quarter worth $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies during the first quarter worth about $30,000. Finally, Nemes Rush Group LLC acquired a new position in Dell Technologies in the second quarter valued at about $33,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).