Short Interest in Dell Technologies Inc. (NYSE:DELL) Expands By 37.0%

Dell Technologies Inc. (NYSE:DELL) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 13,890,000 shares, a growth of 37.0% from the November 15th total of 10,140,000 shares. Based on an average daily trading volume, of 9,280,000 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays boosted their price target on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Morgan Stanley increased their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. UBS Group decreased their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. TD Cowen dropped their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Raymond James reduced their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Insider Transactions at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the sale, the chief executive officer now directly owns 16,912,241 shares in the company, valued at $2,070,058,298.40. This represents a 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,376,935 shares of company stock worth $1,620,145,762. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in Dell Technologies by 501.0% in the 2nd quarter. Blue Trust Inc. now owns 607 shares of the technology company’s stock valued at $84,000 after buying an additional 506 shares during the period. Brookstone Capital Management purchased a new position in shares of Dell Technologies during the 2nd quarter worth approximately $259,000. CFM Wealth Partners LLC increased its holdings in Dell Technologies by 16.2% in the 2nd quarter. CFM Wealth Partners LLC now owns 3,265 shares of the technology company’s stock valued at $450,000 after purchasing an additional 454 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in Dell Technologies in the second quarter valued at approximately $15,856,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in Dell Technologies during the second quarter worth $232,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock traded down $0.76 during trading hours on Friday, reaching $118.42. The company had a trading volume of 5,928,434 shares, compared to its average volume of 10,074,571. Dell Technologies has a 12-month low of $70.89 and a 12-month high of $179.70. The company has a market capitalization of $83.18 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.26 and a beta of 0.90. The stock has a fifty day moving average of $128.25 and a 200-day moving average of $125.32.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period last year, the company earned $1.62 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts forecast that Dell Technologies will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 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).