Dell Technologies Inc. (NYSE:DELL) Sees Significant Growth in Short Interest

Dell Technologies Inc. (NYSE:DELL) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 13,890,000 shares, an increase of 37.0% from the November 15th total of 10,140,000 shares. Based on an average trading volume of 9,280,000 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DELL shares. Citigroup decreased their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Susquehanna began coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Sanford C. Bernstein dropped their target price 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. Bank of America raised their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. The trade was a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,376,935 shares of company stock valued at $1,620,145,762 over the last quarter. 46.70% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

A number of large investors have recently made changes to their positions in DELL. Intrepid Financial Planning Group LLC grew its position in Dell Technologies by 0.7% in the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after acquiring an additional 80 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after buying an additional 84 shares during the period. Graypoint LLC raised its position in Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after purchasing an additional 86 shares in the last quarter. Affinity Wealth Management LLC grew its stake in shares of Dell Technologies by 2.5% during the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock worth $422,000 after purchasing an additional 87 shares in the last quarter. Finally, ASB Consultores LLC boosted its stake in shares of Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after buying an additional 87 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

Shares of DELL stock traded down $0.73 during trading hours on Friday, reaching $118.45. The company had a trading volume of 5,941,904 shares, compared to its average volume of 10,074,571. The company has a market cap of $83.20 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90. The business has a fifty day simple moving average of $128.21 and a 200-day simple moving average of $124.75. Dell Technologies has a 12 month low of $70.89 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate 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 prior year, the business posted $1.62 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts expect that Dell Technologies will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.50%. Dell Technologies’s dividend payout ratio (DPR) is 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).