Dell Technologies Inc. (NYSE:DELL) Short Interest Update

Dell Technologies Inc. (NYSE:DELL) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 10,140,000 shares, an increase of 7.5% from the October 31st total of 9,430,000 shares. Based on an average daily volume of 9,570,000 shares, the days-to-cover ratio is currently 1.1 days.

Insider Buying and Selling at Dell Technologies

In other news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,962,112 shares of company stock worth $2,114,595,059 in the last quarter. 46.70% of the stock is owned by insiders.

Institutional Trading of Dell Technologies

A number of large investors have recently modified their holdings of DELL. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $28,000. Clean Yield Group acquired a new stake in Dell Technologies in the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC acquired a new position in Dell Technologies during the 2nd quarter worth $33,000. Crewe Advisors LLC bought a new position in shares of Dell Technologies in the second quarter worth $34,000. Finally, True Wealth Design LLC increased its holdings in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the period. Institutional investors and hedge funds own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DELL shares. Susquehanna started coverage on Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Raymond James lowered their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Citigroup cut their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley lifted their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Mizuho reduced their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Down 0.2 %

Shares of NYSE:DELL opened at $125.54 on Wednesday. The company has a market cap of $88.18 billion, a PE ratio of 22.18, a P/E/G ratio of 1.35 and a beta of 0.90. Dell Technologies has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm has a 50-day simple moving average of $127.74 and a 200 day simple moving average of $126.39.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the prior year, the firm earned $1.62 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.42%. Dell Technologies’s dividend payout ratio (DPR) is 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).