Dell Technologies (NYSE:DELL) Trading Down 16% - Here's What Happened

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) fell 16% during mid-day trading on Thursday . The company traded as low as $78.93 and last traded at $80.08. 12,806,294 shares were traded during mid-day trading, an increase of 25% from the average session volume of 10,257,130 shares. The stock had previously closed at $95.33.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DELL shares. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Morgan Stanley decreased their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. 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. Finally, Wells Fargo & Company lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.24.

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Dell Technologies Stock Down 7.3 %

The company has a market cap of $50.13 billion, a PE ratio of 12.64, a P/E/G ratio of 1.10 and a beta of 0.83. The stock has a 50-day moving average of $101.57 and a 200-day moving average of $115.31.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.93%. Dell Technologies's dividend payout ratio is presently 33.76%.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 825,863 shares of company stock valued at $100,413,839. Insiders own 46.70% of the company's stock.

Institutional Trading of Dell Technologies

Large investors have recently added to or reduced their stakes in the stock. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the 4th quarter worth about $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the fourth quarter worth about $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies during the 4th quarter valued at approximately $28,000. Finally, Versant Capital Management Inc raised its position in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock worth $36,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 76.37% 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).