Dell Technologies Inc. (NYSE:DELL) Sees Significant Growth in Short Interest

Dell Technologies Inc. (NYSE:DELL) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 20,050,000 shares, an increase of 29.2% from the March 31st total of 15,520,000 shares. Based on an average trading volume of 8,910,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 5.4% of the company’s stock are short sold.

Dell Technologies Trading Up 2.8 %

DELL opened at $94.57 on Friday. The company’s 50 day moving average is $90.95 and its 200 day moving average is $110.01. The company has a market cap of $65.99 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.10 and a beta of 0.94. Dell Technologies has a 12-month low of $66.25 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.22%. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 46.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors have recently bought and sold shares of DELL. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the fourth quarter worth about $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the fourth quarter valued at approximately $26,000. Finally, Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $28,000. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Evercore ISI reduced their price target on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Barclays raised their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Bank of America dropped their target price 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. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, TD Cowen cut their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.65.

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).