Short Interest in Dell Technologies Inc. (NYSE:DELL) Decreases By 8.8%

Dell Technologies Inc. (NYSE:DELL) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 9,430,000 shares, a decrease of 8.8% from the October 15th total of 10,340,000 shares. Based on an average trading volume of 10,100,000 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup upped their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays increased their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Mizuho initiated coverage on Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price objective on the stock. Raymond James cut their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Finally, Morgan Stanley upped their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.88.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction 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. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently bought and sold shares of the business. LRI Investments LLC bought a new position in shares of Dell Technologies in the first quarter worth about $104,000. National Pension Service grew its stake in Dell Technologies by 8.8% in the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 50,304 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new position in shares of Dell Technologies during the third quarter worth approximately $5,780,000. Harvey Capital Management Inc. bought a new stake in shares of Dell Technologies during the third quarter valued at approximately $2,848,000. Finally, Chicago Capital LLC boosted its holdings in shares of Dell Technologies by 3.7% in the third quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after purchasing an additional 4,385 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $4.41 on Monday, reaching $136.05. The company had a trading volume of 6,515,998 shares, compared to its average volume of 10,065,902. The firm has a market cap of $95.56 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.39 and a beta of 0.89. The firm’s 50-day moving average price is $123.63 and its two-hundred day moving average price is $126.55. Dell Technologies has a 1 year low of $67.51 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same period in the previous year, the firm earned $1.44 earnings per share. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Dell Technologies will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.31%. Dell Technologies’s dividend payout ratio is 32.72%.

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).