Short Interest in Dell Technologies Inc. (NYSE:DELL) Increases By 37.0%

Dell Technologies Inc. (NYSE:DELL) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 13,890,000 shares, an increase of 37.0% from the November 15th total of 10,140,000 shares. Based on an average trading volume of 9,280,000 shares, the days-to-cover ratio is currently 1.5 days.

Dell Technologies Stock Down 0.6 %

DELL stock traded down $0.73 during midday trading on Friday, reaching $118.45. 5,941,904 shares of the company’s stock traded hands, compared to its average volume of 10,074,571. The company has a 50-day simple moving average of $128.21 and a two-hundred day simple moving average of $124.75. Dell Technologies has a 1-year low of $70.89 and a 1-year high of $179.70. The company has a market cap of $83.20 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.26 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.62 earnings per share. Equities research analysts forecast that Dell Technologies will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.50%. Dell Technologies’s payout ratio is 31.45%.

Analyst Ratings Changes

DELL has been the subject of a number of analyst reports. Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Mizuho decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Raymond James cut their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company upped their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Evercore ISI reissued an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 500,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $117.93, for a total value of $58,965,000.00. Following the transaction, the chief executive officer now owns 36,412,241 shares in the company, valued at $4,294,095,581.13. This represents a 1.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William F. Scannell sold 42,595 shares of the business’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 transaction of $4,995,967.55. Following the transaction, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,376,935 shares of company stock worth $1,620,145,762. 46.70% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intrepid Financial Planning Group LLC grew its position in shares of Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after buying an additional 80 shares during the period. Smithfield Trust Co grew its holdings in Dell Technologies by 8.0% during the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after purchasing an additional 84 shares during the period. Graypoint LLC raised its holdings in Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after purchasing an additional 86 shares during the period. Affinity Wealth Management LLC boosted its position in shares of Dell Technologies by 2.5% during the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock worth $422,000 after purchasing an additional 87 shares in the last quarter. Finally, ASB Consultores LLC grew its holdings in shares of Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after buying an additional 87 shares during the period. 76.37% of the stock is owned by institutional investors.

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).