Dell Technologies Inc. (NYSE:DELL) Short Interest Up 37.0% in November

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

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the sale, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. This trade represents a 11.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 1,546,550 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total value of $179,863,765.00. Following the completion of the transaction, the chief executive officer now directly owns 11,912,241 shares in the company, valued at $1,385,393,628.30. This trade represents a 11.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,376,935 shares of company stock worth $1,620,145,762 over the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds have recently added to or reduced their stakes in DELL. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the second quarter valued at $28,000. Clean Yield Group purchased a new position in Dell Technologies in the 3rd quarter valued at about $25,000. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth about $33,000. Crewe Advisors LLC acquired a new position in shares of Dell Technologies in the second quarter valued at approximately $34,000. Finally, True Wealth Design LLC lifted its stake 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 buying an additional 253 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 0.6 %

Shares of NYSE DELL traded down $0.76 during midday trading on Friday, hitting $118.42. The company had a trading volume of 5,928,434 shares, compared to its average volume of 10,074,571. The business has a 50-day simple moving average of $128.25 and a two-hundred day simple moving average of $125.32. Dell Technologies has a twelve month low of $70.89 and a twelve month high of $179.70. The firm has a market capitalization of $83.18 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.62 EPS. On average, equities 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 given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Sanford C. Bernstein cut their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Finally, Raymond James reduced their target price 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. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.06.

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).