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

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares fell 1.4% during mid-day trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $111.69 and last traded at $112.08. 8,898,423 shares traded hands during trading, a decline of 12% from the average session 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 the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. UBS Group reduced their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday. JPMorgan Chase & Co. upped their price target on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday. Loop Capital cut their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company cut their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Finally, TD Cowen boosted their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

Insider Buying and Selling at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares of the company's stock, valued at $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bogart Wealth LLC grew its stake in Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after purchasing an additional 100 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in Dell Technologies by 23.0% in the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after purchasing an additional 100 shares during the period. Vanguard Capital Wealth Advisors boosted its stake in Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after purchasing an additional 100 shares during the period. Spire Wealth Management boosted its stake in Dell Technologies by 3.3% in the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock valued at $379,000 after purchasing an additional 104 shares during the period. Finally, Center for Financial Planning Inc. raised its holdings in Dell Technologies by 47.4% in the 4th quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock valued at $40,000 after acquiring an additional 111 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

The stock has a market capitalization of $77.61 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.10 and a beta of 0.99. The company has a fifty day simple moving average of $95.00 and a two-hundred day simple moving average of $107.27.

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).