Dell Technologies (NYSE:DELL) Trading Down 1.4% Following Weak Earnings

Dell Technologies Inc. (NYSE:DELL - Get Free Report) dropped 1.4% during mid-day trading on Friday following a dissappointing earnings announcement. The company traded as low as $111.69 and last traded at $112.08. Approximately 8,898,423 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 10,131,621 shares. The stock had previously closed at $113.63.

The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DELL shares. Barclays increased their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research report on Thursday. Raymond James boosted their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Morgan Stanley raised their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 42.00% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new position in shares of Dell Technologies in the 4th quarter worth about $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies in the first quarter worth about $25,000. Vision Financial Markets LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Dell Technologies in the 1st quarter worth approximately $26,000. Institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Down 3.0%

The firm has a 50 day moving average of $95.00 and a two-hundred day moving average of $106.89. The company has a market cap of $75.35 billion, a PE ratio of 19.08, a P/E/G ratio of 1.10 and a beta of 0.99.

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).