Short Interest in Dell Technologies Inc. (NYSE:DELL) Increases By 8.3%

Dell Technologies Inc. (NYSE:DELL) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 11,970,000 shares, a growth of 8.3% from the August 31st total of 11,050,000 shares. Based on an average daily trading volume, of 12,160,000 shares, the days-to-cover ratio is presently 1.0 days.

Dell Technologies Trading Down 4.6 %

Shares of DELL stock traded down $5.41 during mid-day trading on Tuesday, reaching $113.13. The stock had a trading volume of 9,628,419 shares, compared to its average volume of 10,712,824. The company has a market cap of $80.24 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.25 and a beta of 0.90. The business has a 50-day simple moving average of $109.92 and a 200 day simple moving average of $124.66. Dell Technologies has a 12-month low of $63.90 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. Research analysts anticipate that Dell Technologies will post 6.9 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.57%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies 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 completion of the sale, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the sale, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction on 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 completion of the transaction, 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. In the last ninety days, insiders sold 19,007,047 shares of company stock worth $2,265,595,745. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new stake in shares of Dell Technologies in the 4th quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies during the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies during the first quarter valued at $30,000. Finally, Nemes Rush Group LLC acquired a new position in Dell Technologies in the 2nd quarter worth about $33,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent analyst reports. UBS Group reduced their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Sanford C. Bernstein cut their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

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).