Dell Technologies (NYSE:DELL) Stock Price Down 2.6% on Disappointing Earnings

Shares of Dell Technologies Inc. (NYSE:DELL) traded down 2.6% during mid-day trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $110.77 and last traded at $112.63. 3,362,108 shares were traded during trading, a decline of 58% from the average session volume of 8,091,356 shares. The stock had previously closed at $115.65.

The technology company reported $2.42 earnings per share for the quarter, missing the consensus estimate of $2.53 by ($0.11). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Analysts Set New Price Targets

A number of brokerages have commented on DELL. Citigroup reduced their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Melius Research lifted their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Barclays increased their price target on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.00.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 937,407 shares of company stock valued at $114,418,186 over the last quarter. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of DELL. Optimist Retirement Group LLC boosted its position in Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after acquiring an additional 463 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Dell Technologies in the third quarter worth about $1,920,000. State of Alaska Department of Revenue purchased a new position in Dell Technologies during the 3rd quarter worth approximately $3,959,000. Patriot Financial Group Insurance Agency LLC raised its position in Dell Technologies by 38.3% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,025 shares of the technology company’s stock valued at $359,000 after buying an additional 838 shares during the period. Finally, Hunter Associates Investment Management LLC lifted its position in shares of Dell Technologies by 4.4% in the third quarter. Hunter Associates Investment Management LLC now owns 3,612 shares of the technology company’s stock worth $424,000 after purchasing an additional 151 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Performance

The company has a market cap of $75.39 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The business’s 50 day simple moving average is $112.91 and its 200-day simple moving average is $118.19.

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).