Dell Technologies (NYSE:DELL) Shares Down 4.6% - Here's Why

Dell Technologies Inc. (NYSE:DELL - Get Free Report) was down 4.6% during trading on Friday . The company traded as low as $92.92 and last traded at $92.66. Approximately 2,000,386 shares traded hands during trading, a decline of 80% from the average daily volume of 10,034,528 shares. The stock had previously closed at $97.10.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Cowen decreased their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a report on Friday, February 28th. Loop Capital lowered their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Morgan Stanley lowered their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Bank of America dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.24.

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Dell Technologies Stock Performance

The company has a market cap of $63.85 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The business has a 50 day moving average price of $104.31 and a two-hundred day moving average price of $116.33.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is 33.76%.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business's stock in a transaction that occurred on 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 directly owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm's stock in a transaction 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 directly owns 810,657 shares of the company's stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock valued at $100,327,453 over the last three months. 46.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DELL. State Street Corp increased its position in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the period. Norges Bank purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $455,029,000. Vanguard Group Inc. raised its position in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after acquiring an additional 2,662,407 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock valued at $746,596,000 after purchasing an additional 2,641,456 shares during the period. Finally, Michael & Susan Dell Foundation bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $265,052,000. 76.37% of the stock is currently owned by institutional investors.

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).