Dell Technologies Inc. (NYSE:DELL) Short Interest Update

Dell Technologies Inc. (NYSE:DELL) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 9,430,000 shares, a decline of 8.8% from the October 15th total of 10,340,000 shares. Based on an average daily trading volume, of 10,100,000 shares, the short-interest ratio is presently 0.9 days.

Dell Technologies Stock Performance

Shares of DELL traded up $4.41 on Monday, reaching $136.05. The stock had a trading volume of 6,515,998 shares, compared to its average volume of 10,065,902. The firm has a market capitalization of $95.56 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. The company has a 50-day simple moving average of $123.63 and a 200-day simple moving average of $126.55. Dell Technologies has a 12-month low of $67.51 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the business posted $1.44 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts expect that Dell Technologies will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.31%. Dell Technologies’s dividend payout ratio is currently 32.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DELL shares. Sanford C. Bernstein cut their price objective 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 initiated coverage on Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target on the stock. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. TD Cowen decreased their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, Raymond James dropped their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.88.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Clean Yield Group bought a new stake in shares of Dell Technologies during the third quarter valued at approximately $25,000. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies during the 2nd quarter valued at about $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the first quarter worth approximately $30,000. True Wealth Design LLC raised its holdings in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in Dell Technologies in the second quarter worth approximately $33,000. 38.10% of the stock is currently 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).