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

Dell Technologies Inc. (NYSE:DELL) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 13,280,000 shares, a growth 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 currently 1.8 days.

Dell Technologies Price Performance

Shares of NYSE DELL traded down $3.19 during midday trading on Monday, reaching $100.41. 7,229,180 shares of the stock traded hands, compared to its average volume of 8,317,658. The stock has a market capitalization of $70.34 billion, a PE ratio of 17.73, 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 company’s 50 day moving average is $117.34 and its 200 day moving average is $117.91.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. As a group, equities analysts forecast that Dell Technologies will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Melius Research boosted their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley boosted their price objective on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Mizuho cut their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.06.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 946,132 shares of company stock worth $115,660,009. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

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

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).