Dell Technologies (NYSE:DELL) Shares Down 0.3%

Dell Technologies Inc. (NYSE:DELL)’s stock price traded down 0.3% on Wednesday . The company traded as low as $137.88 and last traded at $139.97. 2,251,835 shares were traded during trading, a decline of 77% from the average session volume of 9,880,762 shares. The stock had previously closed at $140.35.

Analyst Upgrades and Downgrades

DELL has been the topic of several analyst reports. UBS Group lifted their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. TD Cowen upped their price objective on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. raised their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Sanford C. Bernstein upped their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Finally, Evercore ISI upped their target price on Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Trading Down 3.5 %

The firm has a market capitalization of $96.05 billion, a PE ratio of 28.21, a P/E/G ratio of 1.74 and a beta of 0.85. The firm has a 50 day simple moving average of $137.18 and a 200 day simple moving average of $109.10.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The company had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. Research analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the sale, the insider now owns 356,077 shares in the company, valued at approximately $45,987,344.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now directly owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The disclosure for this sale can be found here. Insiders sold a total of 6,246,728 shares of company stock worth $842,917,457 in the last three months. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV raised its position in shares of Dell Technologies by 58.2% during the 1st 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 last quarter. J.P. Marvel Investment Advisors LLC boosted its position in shares of Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after buying an additional 98 shares during the period. BSW Wealth Partners increased its stake in Dell Technologies by 0.7% during the first quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock worth $1,913,000 after purchasing an additional 114 shares during the period. Ascent Group LLC lifted its holdings in Dell Technologies by 1.6% during the 1st quarter. Ascent Group LLC now owns 7,820 shares of the technology company’s stock worth $892,000 after buying an additional 120 shares in the last quarter. Finally, Greenleaf Trust raised its stake in shares of Dell Technologies by 1.2% in the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after acquiring an additional 122 shares in the last quarter. Institutional investors 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).