Dell Technologies (NYSE:DELL) Trading Down 2.9% - Should You Sell?

Key Points

• Dell Technologies' stock price fell by 2.9% during trading, closing at $126.67, with a significant decrease in trading volume compared to average levels.
• Analysts have varied opinions on Dell, with JPMorgan upgrading its target price to $145 and rating it "overweight," while Wall Street Zen downgraded it to a "hold" rating.
• The company recently declared a quarterly dividend of $0.525 per share, resulting in an annualized yield of 1.6%, with a payout ratio of 33.49%.

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price fell 2.9% during trading on Wednesday . The company traded as low as $123.88 and last traded at $126.67. 2,434,126 shares were traded during mid-day trading, a decline of 66% from the average session volume of 7,244,392 shares. The stock had previously closed at $130.48.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DELL. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Wall Street Zen cut shares of Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. TD Cowen increased their price target 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, Mizuho increased their price target 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. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.06.

Dell Technologies Trading Down 2.0%

The stock's 50 day moving average price is $121.80 and its two-hundred day moving average price is $107.16. The firm has a market capitalization of $86.78 billion, a PE ratio of 20.40, a PEG ratio of 1.06 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the business posted $1.27 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. Analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were given a dividend of $0.525 per share. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 6,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total value of $757,740.00. Following the transaction, the chief accounting officer owned 18,948 shares in the company, valued at $2,392,942.92. This trade represents a 24.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Green sold 30,000 shares of Dell Technologies stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $135.00, for a total transaction of $4,050,000.00. Following the completion of the transaction, the director owned 45,045 shares in the company, valued at approximately $6,081,075. This trade represents a 39.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,947,063 shares of company stock valued at $1,577,559,812 in the last 90 days. Insiders own 42.00% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Capital Wealth Advisors lifted its holdings in shares of Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after acquiring an additional 100 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in Dell Technologies by 4.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company's stock worth $261,000 after buying an additional 100 shares during the period. Westside Investment Management Inc. increased its stake in Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company's stock worth $27,000 after buying an additional 100 shares during the period. Cary Street Partners Financial LLC increased its stake in Dell Technologies by 2.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock worth $395,000 after buying an additional 116 shares during the period. Finally, Blue Trust Inc. increased its stake in Dell Technologies by 16.4% during the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company's stock worth $108,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

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).

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