Dell Technologies (NYSE:DELL) Stock Price Down 1%

Dell Technologies Inc. (NYSE:DELL) dropped 1% on Thursday . The company traded as low as $112.33 and last traded at $112.56. Approximately 1,211,510 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 10,024,256 shares. The stock had previously closed at $113.68.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DELL. Citigroup lifted their price target on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Bank of America lifted their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Barclays lowered their price target on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 31st. Morgan Stanley reissued an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a report on Monday, June 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

Dell Technologies Stock Down 5.7 %

The firm’s 50-day moving average is $135.89 and its 200-day moving average is $119.20. The company has a market capitalization of $72.55 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $22.24 billion during 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, equities research analysts predict that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s payout ratio is currently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,205,052 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the completion of the transaction, the chief executive officer now owns 26,725,566 shares of the company’s stock, valued at $3,526,705,689.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the sale, the chief executive officer now owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 2,837,829 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the sale, the chief executive officer now owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. 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. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC boosted its holdings in Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in 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 acquiring an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC raised its position in Dell Technologies by 0.9% in the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after acquiring an additional 98 shares during the period. BSW Wealth Partners raised its position in Dell Technologies by 0.7% in the first quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock worth $1,913,000 after acquiring an additional 114 shares during the period. Finally, M3 Advisory Group LLC raised its position in shares of Dell Technologies by 3.4% during the 2nd quarter. M3 Advisory Group LLC now owns 3,557 shares of the technology company’s stock valued at $491,000 after purchasing an additional 117 shares during the period. Hedge funds and other institutional investors own 38.10% 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).