Dell Technologies Inc. (NYSE:DELL) Short Interest Down 16.5% in February

Dell Technologies Inc. (NYSE:DELL - Get Free Report) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 12,450,000 shares, a drop of 16.5% from the February 13th total of 14,910,000 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average trading volume of 8,250,000 shares, the days-to-cover ratio is presently 1.5 days.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Mizuho dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 27th. TD Cowen reduced their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. The Goldman Sachs Group reduced their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Citigroup reduced their target price on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.24.

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Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Optimist Retirement Group LLC grew its stake in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after purchasing an additional 463 shares during the last quarter. Assetmark Inc. raised its holdings in Dell Technologies by 300.8% during the third quarter. Assetmark Inc. now owns 477 shares of the technology company's stock worth $57,000 after purchasing an additional 358 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Dell Technologies during the third quarter worth $383,000. Victory Capital Management Inc. raised its holdings in shares of Dell Technologies by 146.9% in the third quarter. Victory Capital Management Inc. now owns 223,963 shares of the technology company's stock worth $26,549,000 after acquiring an additional 133,255 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Dell Technologies by 24.2% in the third quarter. Huntington National Bank now owns 897 shares of the technology company's stock worth $106,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Trading Down 1.3 %

Dell Technologies stock traded down $1.30 during midday trading on Friday, reaching $97.62. 8,908,156 shares of the stock traded hands, compared to its average volume of 10,060,242. The company has a 50-day simple moving average of $105.59 and a two-hundred day simple moving average of $116.57. Dell Technologies has a 12-month low of $86.93 and a 12-month high of $179.70. The firm has a market cap of $68.38 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

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).