Dell Technologies (NYSE:DELL) Shares Gap Down to $94.67

Dell Technologies Inc. (NYSE:DELL) gapped down before the market opened on Wednesday . The stock had previously closed at $94.67, but opened at $90.37. Dell Technologies shares last traded at $91.56, with a volume of 3,401,584 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DELL. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Loop Capital raised their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Bank of America raised their price objective on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company increased their price target on Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, Citigroup boosted their price target on Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Price Performance

The stock has a market cap of $64.10 billion, a PE ratio of 18.26, a PEG ratio of 1.34 and a beta of 0.92. The company’s fifty day moving average is $133.22 and its 200-day moving average is $119.99.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. The business had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. Analysts expect that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Buying and Selling

In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the transaction, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the sale, the director now owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David W. Dorman sold 75,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the sale, the director now directly owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,058,131 shares of company stock valued at $963,293,619. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp purchased a new stake in Dell Technologies in the 4th quarter valued at about $25,000. Massmutual Trust Co. FSB ADV lifted its stake in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in Dell Technologies during the 2nd quarter valued at about $28,000. Pinnacle Bancorp Inc. increased its stake in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after purchasing an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies during the first quarter worth about $30,000. 38.10% of the stock is currently owned by hedge funds and other 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).