Dell Technologies (NYSE:DELL) Trading Down 1.6% – Time to Sell?

Dell Technologies Inc. (NYSE:DELL)’s stock price fell 1.6% on Friday . The company traded as low as $132.14 and last traded at $132.24. 1,307,143 shares changed hands during trading, a decline of 87% from the average session volume of 10,065,328 shares. The stock had previously closed at $134.43.

Analyst Ratings Changes

A number of brokerages recently weighed in on DELL. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Mizuho initiated coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target on the stock. TD Cowen decreased their price target 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. Wells Fargo & Company decreased their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Sanford C. Bernstein decreased their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $144.63.

Dell Technologies Stock Performance

The business’s fifty day moving average is $122.43 and its two-hundred day moving average is $126.37. The company has a market cap of $92.27 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share 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 company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter last year, the business posted $1.44 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 32.72%.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. The trade was a 37.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Dell Technologies by 22.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock worth $15,482,000 after purchasing an additional 25,117 shares during the last quarter. LRI Investments LLC acquired a new stake in Dell Technologies during the 1st quarter valued at approximately $104,000. National Pension Service lifted its stake in Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares during the period. Woodmont Investment Counsel LLC acquired a new stake in Dell Technologies during the 3rd quarter valued at approximately $5,780,000. Finally, Harvey Capital Management Inc. acquired a new position in shares of Dell Technologies in the 3rd quarter valued at $2,848,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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).