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

Dell Technologies Inc. (NYSE:DELL) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 13,280,000 shares, an increase of 13.2% from the December 31st total of 11,730,000 shares. Based on an average daily volume of 7,380,000 shares, the short-interest ratio is presently 1.8 days.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 946,132 shares of company stock valued at $115,660,009. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC raised its position in Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after buying an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after acquiring an additional 2,415,234 shares during the period. Alkeon Capital Management LLC boosted its holdings in shares of Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after acquiring an additional 699,204 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after acquiring an additional 1,690,709 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Melius Research boosted their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Citigroup dropped their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note 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 stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Price Performance

NYSE:DELL traded down $3.28 during mid-day trading on Monday, hitting $100.32. 2,845,308 shares of the company’s stock were exchanged, compared to its average volume of 8,078,564. The company has a market cap of $70.27 billion, a PE ratio of 17.60, a P/E/G ratio of 1.10 and a beta of 0.90. Dell Technologies has a one year low of $80.49 and a one year high of $179.70. The business has a fifty day moving average price of $117.34 and a 200 day moving average price of $117.91.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the firm posted $1.62 EPS. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that Dell Technologies will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.77%. Dell Technologies’s payout ratio is presently 31.45%.

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).