Dell Technologies (NYSE:DELL) Shares Down 1.3% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL)’s stock price was down 1.3% during mid-day trading on Monday . The stock traded as low as $159.86 and last traded at $159.9370. Approximately 4,602,698 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 7,166,895 shares. The stock had previously closed at $162.01.

Analysts Set New Price Targets

A number of research firms recently commented on DELL. Morgan Stanley increased their price objective on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Mizuho upped their target price on shares of Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Citigroup boosted their price target on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Piper Sandler assumed coverage on Dell Technologies in a research note on Tuesday, October 21st. They set an “overweight” rating and a $172.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $161.80.

Dell Technologies Stock Performance

The company has a market capitalization of $107.54 billion, a PE ratio of 23.52, a P/E/G ratio of 1.11 and a beta of 1.02. The business has a fifty day moving average price of $140.24 and a 200 day moving average price of $125.03.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s payout ratio is currently 30.88%.

Insiders Place Their Bets

In other Dell Technologies news, Director Ellen Jamison Kullman sold 79,806 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total value of $12,255,009.36. Following the completion of the sale, the director owned 65,662 shares of the company’s stock, valued at $10,083,056.72. This trade represents a 54.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total transaction of $1,003,335.71. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,587,755 shares of company stock valued at $649,644,973. Company insiders own 42.00% of the company’s stock.

Institutional Trading of Dell Technologies

A number of hedge funds have recently made changes to their positions in DELL. Winnow Wealth LLC acquired a new stake in Dell Technologies in the second quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of Dell Technologies in the 1st quarter worth about $26,000. Cheviot Value Management LLC bought a new stake in shares of Dell Technologies in the 1st quarter worth about $27,000. Flaharty Asset Management LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at about $27,000. Finally, Westside Investment Management Inc. lifted its position in shares of Dell Technologies by 84.7% during the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

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).