Short Interest in Dell Technologies Inc. (NYSE:DELL) Expands By 8.3%

Dell Technologies Inc. (NYSE:DELL) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 11,970,000 shares, an increase of 8.3% from the August 31st total of 11,050,000 shares. Based on an average daily trading volume, of 12,160,000 shares, the short-interest ratio is presently 1.0 days.

Dell Technologies Trading Down 4.6 %

Shares of DELL stock traded down $5.41 during trading hours on Tuesday, reaching $113.13. 9,628,419 shares of the company’s stock were exchanged, compared to its average volume of 10,712,824. The stock’s 50 day moving average is $109.92 and its 200-day moving average is $124.66. The company has a market cap of $80.24 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 1.25 and a beta of 0.90. Dell Technologies has a fifty-two week low of $63.90 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the firm posted $1.44 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Dell Technologies will post 6.9 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Raymond James cut their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Morgan Stanley dropped their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Sanford C. Bernstein dropped their price target on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Mizuho assumed coverage on Dell Technologies in a research report on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target for the company. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the sale, the director now directly owns 731,612 shares in the company, valued at approximately $107,400,641.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the sale, the director now directly owns 731,612 shares in the company, valued at approximately $107,400,641.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,007,047 shares of company stock worth $2,265,595,745. Insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV increased its position in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies during the second quarter worth approximately $28,000. New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies during the first quarter worth approximately $30,000. Finally, Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies during the second quarter worth approximately $33,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).