Dell Technologies (NYSE:DELL) Shares Down 2.5% - What's Next?

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price fell 2.5% during mid-day trading on Tuesday . The stock traded as low as $101.12 and last traded at $101.24. 4,358,771 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 7,869,700 shares. The stock had previously closed at $103.84.

Wall Street Analyst Weigh In

DELL has been the topic of several research reports. Wells Fargo & Company upped their price target on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a report on Monday, December 2nd. Barclays lifted their price target on Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Morgan Stanley upped their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Citigroup dropped their target price on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.06.

Dell Technologies Stock Performance

The company has a 50 day moving average of $118.15 and a 200 day moving average of $118.31. The firm has a market cap of $72.84 billion, a P/E ratio of 18.39, a PEG ratio of 1.09 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 EPS. As a group, analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's dividend payout ratio is 31.45%.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the transaction, the chief financial officer now owns 228,419 shares of the company's stock, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently modified their holdings of the business. Clean Yield Group bought a new stake in Dell Technologies in the 3rd quarter valued at $25,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at about $28,000. True Wealth Design LLC grew its position in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock worth $31,000 after buying an additional 253 shares in the last quarter. MCF Advisors LLC increased its stake in Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock valued at $34,000 after acquiring an additional 165 shares during the period. Finally, Covestor Ltd raised its holdings in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company's stock valued at $35,000 after acquiring an additional 218 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

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).