Dell Technologies (NYSE:DELL) Trading Down 1.7% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) shares were down 1.7% on Friday . The stock traded as low as $134.84 and last traded at $135.55. Approximately 1,488,254 shares changed hands during trading, a decline of 85% from the average daily volume of 10,167,134 shares. The stock had previously closed at $137.87.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DELL shares. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Sanford C. Bernstein reduced their target price 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. Bank of America upped their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company decreased their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Dell Technologies Stock Down 2.6 %

The company has a market cap of $94.28 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89. The company has a fifty day simple moving average of $119.49 and a two-hundred day simple moving average of $125.78.

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, 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 company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts predict that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 32.72%.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Clean Yield Group acquired a new stake in shares of Dell Technologies in the 3rd quarter worth about $25,000. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $28,000. New Covenant Trust Company N.A. bought a new stake in Dell Technologies during the first quarter valued at about $30,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC bought a new stake in Dell Technologies in the 2nd quarter valued at $34,000. 38.10% of the stock is owned by institutional investors and hedge funds.

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).