Dell Technologies Inc. (NYSE:DELL) Sees Significant Growth in Short Interest

Dell Technologies Inc. (NYSE:DELL) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 13,890,000 shares, a growth 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 presently 1.5 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DELL. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Citigroup cut their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Morgan Stanley boosted their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, UBS Group dropped their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 500,000 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $117.93, for a total value of $58,965,000.00. Following the completion of the sale, the chief executive officer now owns 36,412,241 shares in the company, valued at approximately $4,294,095,581.13. This trade represents a 1.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,376,935 shares of company stock valued at $1,620,145,762. 46.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

A number of large investors have recently added to or reduced their stakes in DELL. Clean Yield Group acquired a new position in shares of Dell Technologies during the third quarter valued at approximately $25,000. Accordant Advisory Group Inc acquired a new position in Dell Technologies during the second quarter worth $28,000. True Wealth Design LLC raised its stake in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies in the second quarter worth $33,000. Finally, Crewe Advisors LLC acquired a new position in Dell Technologies during the 2nd quarter worth $34,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of DELL stock traded down $0.73 during trading on Friday, reaching $118.45. The company’s stock had a trading volume of 5,941,904 shares, compared to its average volume of 10,074,571. Dell Technologies has a 1-year low of $70.89 and a 1-year high of $179.70. The company has a market capitalization of $83.20 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 1.26 and a beta of 0.90. The stock’s 50-day moving average price is $128.21 and its 200 day moving average price is $124.75.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.62 EPS. On average, sell-side analysts anticipate that Dell Technologies will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

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).