Dell Technologies Inc. (NYSE:DELL – Get Free Report) shares dropped 1.2% during trading on Monday after Morgan Stanley lowered their price target on the stock from $155.00 to $142.00. Morgan Stanley currently has an overweight rating on the stock. Dell Technologies traded as low as $108.38 and last traded at $109.93. Approximately 3,349,686 shares were traded during trading, a decline of 67% from the average daily volume of 10,259,298 shares. The stock had previously closed at $111.30
A number of other analysts also recently commented on DELL. Loop Capital increased their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. TD Cowen raised their target price on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. raised their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America raised their target price on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Evercore ISI decreased their target price on Dell Technologies from $165.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.25.
Insider Activity at Dell Technologies
In related news, CEO Michael S. Dell sold 2,837,829 shares of Dell Technologies stock in a transaction on Friday, June 14th. The stock was sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the completion of the sale, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Michael S. Dell sold 2,837,829 shares of Dell Technologies stock in a transaction on Friday, June 14th. The stock was sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the completion of the sale, the chief executive officer now owns 20,412,241 shares of the company’s stock, valued at $2,730,137,233.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the sale, the director now directly owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,058,131 shares of company stock valued at $963,293,619. Company insiders own 46.70% of the company’s stock.
Institutional Investors Weigh In On Dell Technologies
Several hedge funds have recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies in the fourth quarter worth about $25,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after buying an additional 82 shares during the period. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies in the second quarter worth about $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the first quarter worth about $30,000. Finally, Nemes Rush Group LLC purchased a new position in shares of Dell Technologies in the second quarter worth about $33,000. Institutional investors own 38.10% of the company’s stock.
Dell Technologies Stock Up 0.5 %
The stock has a market cap of $79.30 billion, a PE ratio of 22.70, a P/E/G ratio of 1.34 and a beta of 0.92. The company has a fifty day moving average price of $125.88 and a 200 day moving average price of $120.88.
Dell Technologies (NYSE:DELL – Get Free Report) last released its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The firm had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. As a group, research analysts predict that Dell Technologies Inc. will post 6.85 earnings per share for the current year.
Dell Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.59%. Dell Technologies’s dividend payout ratio is presently 36.33%.
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).