Dell Technologies (NYSE:DELL) Shares Down 2.5% - Should You Sell?

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) were down 2.5% on Tuesday . The stock traded as low as $101.12 and last traded at $101.24. Approximately 4,358,771 shares traded hands during trading, a decline of 45% from the average daily volume of 7,869,700 shares. The stock had previously closed at $103.84.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DELL shares. Melius Research raised their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Evercore ISI restated an "outperform" rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Citigroup lowered their price target on Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. Mizuho lowered their price target on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.06.

Dell Technologies Stock Performance

The firm has a 50-day moving average of $120.12 and a 200-day moving average of $118.78. The firm has a market capitalization of $71.02 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $1.62 EPS. Equities analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.76%. Dell Technologies's dividend payout ratio is currently 31.45%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now owns 23,680 shares of the company's stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock worth $115,660,009 over the last ninety days. 46.70% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Hedge funds have recently bought and sold shares of the company. Intrepid Financial Planning Group LLC grew its holdings in Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company's stock valued at $1,423,000 after purchasing an additional 80 shares during the period. Smithfield Trust Co grew its holdings in Dell Technologies by 8.0% during the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company's stock valued at $134,000 after purchasing an additional 84 shares during the period. Graypoint LLC grew its holdings in Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock valued at $247,000 after purchasing an additional 86 shares during the period. Affinity Wealth Management LLC grew its holdings in Dell Technologies by 2.5% during the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company's stock valued at $422,000 after purchasing an additional 87 shares during the period. Finally, ASB Consultores LLC grew its holdings in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company's stock valued at $236,000 after purchasing an additional 87 shares during the period. Hedge funds and other 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).

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