Dell Technologies (NYSE:DELL) Trading Down 2.8% - Here's Why

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) fell 2.8% on Monday . The company traded as low as $98.37 and last traded at $100.73. 4,646,556 shares were traded during mid-day trading, a decline of 43% from the average session volume of 8,176,941 shares. The stock had previously closed at $103.60.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DELL. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company raised their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Morgan Stanley increased their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. Finally, Barclays upped their target price 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. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $148.06.

Dell Technologies Stock Up 1.4 %

The stock's fifty day simple moving average is $115.27 and its 200 day simple moving average is $117.48. The firm has a market capitalization of $74.18 billion, a PE ratio of 18.71, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during 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%. The company's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. On average, analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.68%. Dell Technologies's dividend payout ratio (DPR) is 31.45%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now owns 23,680 shares of the company's stock, valued at approximately $3,132,390.40. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company's stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Hedge funds have recently modified their holdings of the stock. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies during the fourth quarter valued at approximately $1,272,000. iA Global Asset Management Inc. raised its holdings in Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. National Pension Service grew its holdings in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company's stock valued at $73,543,000 after purchasing an additional 50,304 shares during the period. Sky Investment Group LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $1,687,000. Finally, Enclave Advisors LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at approximately $848,000. Institutional investors and hedge funds own 76.37% 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).