Dell Technologies Inc. (NYSE:DELL – Get Free Report)’s share price fell 0.1% during trading on Thursday after Bank of America lowered their price target on the stock from $180.00 to $150.00. Bank of America currently has a buy rating on the stock. Dell Technologies traded as low as $111.11 and last traded at $111.54. 2,382,065 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 10,193,660 shares. The stock had previously closed at $111.70.
Other analysts also recently issued research reports about the stock. Evercore ISI reduced their price objective on shares of Dell Technologies from $165.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. TD Cowen raised their target price on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research note on Friday, May 31st. Loop Capital upped their price target on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Barclays upgraded Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 price target on the stock in a report on Tuesday, August 13th. Finally, Sanford C. Bernstein boosted their price objective on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.38.
Insider Activity
In other news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the sale, the director now directly owns 806,352 shares in the company, valued at $108,986,536.32. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction on Monday, June 3rd. The shares were 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 three months, insiders sold 7,058,131 shares of company stock worth $963,293,619. 46.70% of the stock is owned by corporate insiders.
Institutional Trading of Dell Technologies
Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Dell Technologies by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after purchasing an additional 647,192 shares in the last quarter. Boston Partners raised its stake in shares of Dell Technologies by 2.1% during the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after acquiring an additional 197,435 shares in the last quarter. Capital World Investors bought a new stake in shares of Dell Technologies in the 1st quarter worth approximately $835,946,000. Point72 Asset Management L.P. grew its holdings in shares of Dell Technologies by 14.8% during the 4th quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after purchasing an additional 520,677 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Dell Technologies by 449.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares during the period. Institutional investors own 38.10% of the company’s stock.
Dell Technologies Stock Performance
The business has a 50 day moving average price of $124.65 and a two-hundred day moving average price of $121.17. The company has a market cap of $77.29 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.
Dell Technologies (NYSE:DELL – Get Free Report) last issued its earnings results 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 company had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. As a group, research analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current year.
Dell Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were paid a $0.445 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.63%. Dell Technologies’s 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).