Dell Technologies (NYSE:DELL) Trading Down 2.6% After Earnings Miss

Dell Technologies Inc. (NYSE:DELL) shares traded down 2.6% during trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $110.77 and last traded at $112.63. 3,362,108 shares were traded during mid-day trading, a decline of 58% from the average session volume of 8,091,356 shares. The stock had previously closed at $115.65.

The technology company reported $2.15 EPS for the quarter, beating 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 company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period last year, the business posted $1.62 earnings per share. Dell Technologies’s revenue was up 9.5% on a year-over-year basis.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price 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. Bank of America decreased their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley reduced their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. UBS Group reduced their price target on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Finally, Wells Fargo & Company reduced their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.53.

Insider Activity at Dell Technologies

In other Dell Technologies 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 transaction of $59,750,657.85. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the sale, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 937,407 shares of company stock valued at $114,418,186. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of DELL. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $28,000. Finally, True Wealth Design LLC lifted its stake in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

The business has a 50 day moving average price of $112.57 and a two-hundred day moving average price of $118.17. The company has a market cap of $72.04 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

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).