Dell Technologies (NYSE:DELL) Stock Price Down 1.6% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL) shares were down 1.6% on Friday . The company traded as low as $132.14 and last traded at $132.24. Approximately 1,307,143 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 10,065,328 shares. The stock had previously closed at $134.43.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research analyst reports. Evercore ISI restated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research note on Wednesday, August 28th. Morgan Stanley boosted their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Sanford C. Bernstein cut their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Barclays boosted their price objective on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Finally, Raymond James cut their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $144.63.

Dell Technologies Stock Performance

The stock has a market capitalization of $92.46 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. The business’s 50-day moving average price is $123.03 and its 200 day moving average price is $126.39.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.35%. Dell Technologies’s payout ratio is presently 32.72%.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This represents a 37.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 in the last quarter. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently made changes to their positions in DELL. Accordant Advisory Group Inc purchased a new stake in Dell Technologies during the second quarter valued at about $28,000. Clean Yield Group purchased a new stake in Dell Technologies during the 3rd quarter valued at about $25,000. Nemes Rush Group LLC bought a new position in Dell Technologies during the 2nd quarter worth approximately $33,000. Crewe Advisors LLC purchased a new position in Dell Technologies in the 2nd quarter worth approximately $34,000. Finally, New Covenant Trust Company N.A. bought a new stake in Dell Technologies in the first quarter valued at approximately $30,000. Institutional investors own 38.10% of the company’s stock.

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).