Dell Technologies (NYSE:DELL) Trading Down 2.2% - What's Next?

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price was down 2.2% on Friday . The company traded as low as $109.17 and last traded at $110.91. Approximately 1,517,681 shares traded hands during trading, a decline of 84% from the average daily volume of 9,351,329 shares. The stock had previously closed at $113.40.

Analyst Ratings Changes

A number of equities analysts have weighed in on DELL shares. Raymond James increased their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Loop Capital cut their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. The Goldman Sachs Group cut their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Morgan Stanley raised their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, Barclays raised their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Price Performance

The business's 50 day moving average is $100.19 and its two-hundred day moving average is $105.51. The firm has a market capitalization of $76.40 billion, a PE ratio of 19.34, a P/E/G ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate 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 business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. During the same period last year, the business posted $1.27 earnings per share. The company's revenue was up 5.1% compared to the same quarter last year. Analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the transaction, the general counsel now directly owns 79,928 shares of the company's stock, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, 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. Over the last 90 days, insiders have sold 851,905 shares of company stock worth $97,155,665. Insiders own 42.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DELL. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the 4th quarter valued at $26,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Dell Technologies during the 1st quarter valued at $26,000. 76.37% of the stock is owned by hedge funds and other 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).