Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares traded down 2.3% on Wednesday . The company traded as low as $122.71 and last traded at $122.79. 1,464,728 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 8,553,748 shares. The stock had previously closed at $125.69.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Wall Street Zen cut shares of Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday. UBS Group cut their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. TD Cowen upped their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Finally, Bank of America upped their price objective on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $140.06.
Get Our Latest Research Report on Dell Technologies
Dell Technologies Price Performance
The company has a market cap of $89.28 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.14 and a beta of 1.02. The stock's 50-day moving average is $116.62 and its two-hundred day moving average is $105.88.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.27 EPS. On average, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.
Dell Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.60%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.
Insider Activity at Dell Technologies
In related news, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, the insider directly owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. This trade represents a 61.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the transaction, the general counsel directly owned 79,928 shares in the company, valued at approximately $8,697,764.96. This represents a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,897,063 shares of company stock valued at $1,570,909,812 over the last quarter. 42.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Dell Technologies
Institutional investors have recently bought and sold shares of the stock. Bellwether Advisors LLC bought a new position in Dell Technologies in the 4th quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the 4th quarter valued at $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Dell Technologies during the 2nd quarter valued at $29,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter valued at $25,000. 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 institutional investors.
About Dell Technologies
(
Get Free Report)
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).
Featured Articles
Before you consider Dell Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dell Technologies wasn't on the list.
While Dell Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
