Dell Technologies Inc. (NYSE:DELL) Sees Large Increase in Short Interest

Dell Technologies Inc. (NYSE:DELL - Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 13,280,000 shares, an increase of 13.2% from the December 15th total of 11,730,000 shares. Based on an average daily trading volume, of 7,380,000 shares, the short-interest ratio is presently 1.8 days.

Insider Buying and Selling

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value 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. This represents a 3.27 % decrease in their position. The transaction 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 the 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 transaction, the director now directly owns 810,657 shares of the company's stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 945,407 shares of company stock worth $115,573,009. Insiders own 46.70% of the company's stock.

Institutional Trading of Dell Technologies

Several hedge funds have recently added to or reduced their stakes in DELL. State Street Corp increased its holdings in shares of Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares during the period. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock worth $287,779,000 after acquiring an additional 2,415,234 shares during the period. Franklin Resources Inc. raised its stake in shares of Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company's stock valued at $131,170,000 after buying an additional 1,002,117 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its position in shares of Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock valued at $254,479,000 after acquiring an additional 699,204 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DELL. Evercore ISI reiterated an "outperform" rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a research note 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, Morgan Stanley increased their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.06.

Dell Technologies Stock Performance

Shares of NYSE DELL traded down $0.46 during mid-day trading on Friday, reaching $109.65. 6,331,153 shares of the company traded hands, compared to its average volume of 5,041,827. The company's fifty day moving average is $123.00 and its two-hundred day moving average is $120.29. Dell Technologies has a fifty-two week low of $77.70 and a fifty-two week high of $179.70. The stock has a market cap of $76.81 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

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

Dell Technologies Dividend Announcement

The firm also recently declared 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. This represents a $1.78 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's dividend payout ratio is currently 31.45%.

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).