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

Dell Technologies Inc. (NYSE:DELL) was the recipient of a large increase in short interest in 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 volume of 12,160,000 shares, the days-to-cover ratio is presently 1.0 days.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the transaction, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 731,612 shares in the company, valued at approximately $107,400,641.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. The disclosure for this sale can be found here. Insiders sold a total of 19,007,047 shares of company stock worth $2,265,595,745 in the last 90 days. 46.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DELL. Jones Financial Companies Lllp bought a new position in Dell Technologies during the 4th quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV raised its holdings in Dell Technologies by 58.2% in 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 during the period. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the second quarter worth $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the 1st quarter valued at $30,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DELL shares. Raymond James decreased their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Morgan Stanley lowered their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. UBS Group decreased their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. TD Cowen cut their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Price Performance

Shares of DELL stock traded down $5.41 on Tuesday, reaching $113.13. 9,628,419 shares of the stock were exchanged, compared to its average volume of 10,712,824. Dell Technologies has a one year low of $63.90 and a one year high of $179.70. The stock has a market cap of $80.24 billion, a PE ratio of 23.09, a P/E/G ratio of 1.25 and a beta of 0.90. The stock has a 50 day moving average price of $109.92 and a 200 day moving average price of $124.66.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the company posted $1.44 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Dell Technologies will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

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).