Dell Technologies (NYSE:DELL) Shares Down 5.4%

Dell Technologies Inc. (NYSE:DELL)’s stock price fell 5.4% during mid-day trading on Monday . The company traded as low as $90.31 and last traded at $96.76. 6,079,198 shares traded hands during trading, a decline of 40% from the average session volume of 10,059,302 shares. The stock had previously closed at $102.29.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DELL. Bank of America raised their price objective on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Wells Fargo & Company lifted their price objective on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Evercore ISI reiterated an “outperform” rating and issued a $165.00 price objective on shares of Dell Technologies in a research note on Monday, July 1st. Finally, Sanford C. Bernstein lifted their price objective on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Price Performance

The stock has a 50 day simple moving average of $135.89 and a two-hundred day simple moving average of $119.77. The company has a market cap of $69.62 billion, a PE ratio of 19.75, a PEG ratio of 1.34 and a beta of 0.92.

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

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s payout ratio is currently 36.33%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 139,419 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the transaction, the chief executive officer now owns 30,272,822 shares of the company’s stock, valued at $4,122,552,899.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 139,419 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total value of $18,986,079.42. Following the sale, the chief executive officer now owns 30,272,822 shares of the company’s stock, valued at $4,122,552,899.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the sale, the director now directly owns 806,352 shares in the company, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. Insiders have sold 7,058,131 shares of company stock valued at $963,293,619 over the last quarter. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System lifted its position in shares of Dell Technologies by 10.6% in the second quarter. Arizona State Retirement System now owns 76,201 shares of the technology company’s stock valued at $10,509,000 after acquiring an additional 7,296 shares in the last quarter. Victory Capital Management Inc. lifted its position in Dell Technologies by 6.0% during the second quarter. Victory Capital Management Inc. now owns 90,708 shares of the technology company’s stock worth $12,510,000 after buying an additional 5,171 shares during the period. Horizon Investment Services LLC lifted its position in Dell Technologies by 2.0% during the second quarter. Horizon Investment Services LLC now owns 35,380 shares of the technology company’s stock worth $4,879,000 after buying an additional 697 shares during the period. National Bank of Canada FI lifted its position in Dell Technologies by 13.1% during the second quarter. National Bank of Canada FI now owns 3,956 shares of the technology company’s stock worth $565,000 after buying an additional 457 shares during the period. Finally, First Dallas Securities Inc. purchased a new position in Dell Technologies during the second quarter worth about $633,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

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).