Dell Technologies (NYSE:DELL) Trading Down 2.1% - Here's What Happened

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares fell 2.1% on Thursday . The stock traded as low as $116.77 and last traded at $118.43. 1,936,068 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 8,257,994 shares. The stock had previously closed at $120.96.

Analysts Set New Price Targets

Several research firms have recently weighed in on DELL. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, November 27th. Citigroup reduced their target price on Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a research report on Friday. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley reduced 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. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $145.00.

Dell Technologies Stock Down 1.9 %

The company has a market capitalization of $82.41 billion, a P/E ratio of 20.79, a PEG ratio of 1.11 and a beta of 0.90. The stock has a fifty day simple moving average of $113.12 and a 200-day simple moving average of $117.42.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the company posted $1.62 earnings per share. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. Dell Technologies's dividend payout ratio (DPR) is presently 31.45%.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated 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 in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the sale, the chief financial officer now owns 228,419 shares of the company's stock, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optimist Retirement Group LLC boosted its holdings in Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after buying an additional 463 shares during the last quarter. Blue Trust Inc. boosted its holdings in Dell Technologies by 132.1% during the third quarter. Blue Trust Inc. now owns 1,409 shares of the technology company's stock worth $167,000 after buying an additional 802 shares during the last quarter. OLD National Bancorp IN boosted its holdings in Dell Technologies by 19.2% during the third quarter. OLD National Bancorp IN now owns 2,163 shares of the technology company's stock worth $256,000 after buying an additional 348 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Dell Technologies by 536.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 276,830 shares of the technology company's stock worth $32,815,000 after buying an additional 233,313 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in Dell Technologies by 52.1% during the third quarter. Foundations Investment Advisors LLC now owns 3,735 shares of the technology company's stock worth $443,000 after buying an additional 1,280 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).