Dell Technologies (NYSE:DELL) Trading Down 0.2% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL)’s share price dropped 0.2% during trading on Tuesday . The stock traded as low as $126.23 and last traded at $128.06. Approximately 2,692,563 shares changed hands during trading, a decline of 74% from the average daily volume of 10,476,694 shares. The stock had previously closed at $128.35.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Raymond James decreased their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Susquehanna assumed coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Morgan Stanley lowered their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a report on Thursday, August 29th. Finally, Barclays lifted their price objective on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Up 1.9 %

The firm has a market cap of $91.63 billion, a PE ratio of 26.37, a P/E/G ratio of 1.29 and a beta of 0.90. The firm’s fifty day simple moving average is $113.52 and its two-hundred day simple moving average is $125.37.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (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 business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same period last year, the firm posted $1.44 EPS. The company’s revenue was up 9.1% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.38%. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,953,387 shares of company stock worth $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC boosted its holdings in Dell Technologies by 1.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after acquiring an additional 80 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. Affinity Wealth Management LLC grew its holdings in shares of Dell Technologies by 2.5% in 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 during the last quarter. J.P. Marvel Investment Advisors LLC increased its stake in Dell Technologies by 0.9% in the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after buying an additional 98 shares during the period. Finally, Kathmere Capital Management LLC lifted its holdings in Dell Technologies by 2.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock valued at $635,000 after buying an additional 100 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

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).