Shares of Dell Technologies Inc. (NYSE:DELL – Get Free Report) traded down 3.9% on Tuesday . The stock traded as low as $82.23 and last traded at $82.36. 2,292,265 shares traded hands during trading, a decline of 40% from the average session volume of 3,812,916 shares. The stock had previously closed at $85.71.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised Dell Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $77.00 to $90.00 in a research note on Monday, January 8th. Raymond James lifted their target price on Dell Technologies from $68.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Sanford C. Bernstein lifted their target price on Dell Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. TD Cowen lifted their target price on Dell Technologies from $58.00 to $75.00 and gave the stock a “market perform” rating in a report on Friday, December 1st. Finally, Wells Fargo & Company lifted their target price on Dell Technologies from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.80.
Dell Technologies Price Performance
The business’s fifty day moving average is $76.84 and its 200-day moving average is $69.09. The firm has a market cap of $58.84 billion, a PE ratio of 22.71, a P/E/G ratio of 1.20 and a beta of 0.90.
Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.42. Dell Technologies had a net margin of 2.92% and a negative return on equity of 150.29%. The firm had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $23.01 billion. During the same period in the prior year, the firm posted $2.01 earnings per share. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. Analysts forecast that Dell Technologies Inc. will post 5.66 EPS for the current year.
Dell Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Tuesday, January 23rd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Monday, January 22nd. Dell Technologies’s payout ratio is 40.88%.
Insider Buying and Selling
In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total value of $250,613,593.32. Following the completion of the transaction, the director now owns 293,812 shares in the company, valued at $23,155,323.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 48.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC grew its holdings in Dell Technologies by 171.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock valued at $1,253,000 after buying an additional 10,350 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Dell Technologies by 2,535.5% during the 4th quarter. Fisher Asset Management LLC now owns 2,820 shares of the technology company’s stock valued at $216,000 after buying an additional 2,713 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in shares of Dell Technologies by 10.7% in the 4th quarter. First Trust Direct Indexing L.P. now owns 3,803 shares of the technology company’s stock valued at $291,000 after purchasing an additional 368 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of Dell Technologies by 12.5% in the 4th quarter. New York Life Investment Management LLC now owns 4,144 shares of the technology company’s stock valued at $317,000 after purchasing an additional 459 shares during the last quarter. Finally, Beck Bode LLC lifted its stake in shares of Dell Technologies by 3.2% in the 4th quarter. Beck Bode LLC now owns 30,424 shares of the technology company’s stock valued at $2,327,000 after purchasing an additional 944 shares during the last quarter. 38.10% of the stock is owned by institutional investors.
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).