Dell Technologies (NYSE:DELL) Shares Down 0.5% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL) fell 0.5% on Tuesday . The stock traded as low as $137.52 and last traded at $137.86. 1,856,185 shares were traded during mid-day trading, a decline of 82% from the average session volume of 10,137,772 shares. The stock had previously closed at $138.51.

Analysts Set New Price Targets

Several brokerages recently weighed in on DELL. Barclays lifted their price objective on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Mizuho assumed coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price for the company. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Citigroup boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $144.63.

Dell Technologies Stock Down 0.1 %

The company has a market cap of $94.42 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.44 and a beta of 0.89. The company’s fifty day moving average price is $121.89 and its two-hundred day moving average price is $126.31.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share. Research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.32%. Dell Technologies’s dividend payout ratio (DPR) is currently 32.72%.

Insiders Place Their Bets

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the transaction, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

A number of hedge funds have recently modified their holdings of the company. Clean Yield Group bought a new stake in shares of Dell Technologies in the third quarter worth about $25,000. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the first quarter valued at approximately $30,000. Nemes Rush Group LLC acquired a new position in Dell Technologies in the 2nd quarter worth $33,000. Finally, Crewe Advisors LLC bought a new position in shares of Dell Technologies during the second quarter worth about $34,000. 38.10% of the stock is currently 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).