Dell Technologies (NYSE:DELL) Stock Price Down 1.4% on Disappointing Earnings

Shares of Dell Technologies Inc. (NYSE:DELL) were down 1.4% during trading on Friday following a dissappointing earnings announcement. The company traded as low as $111.69 and last traded at $112.08. Approximately 8,898,423 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 10,131,621 shares. The stock had previously closed at $113.63.

The technology company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period in the previous year, the business posted $1.27 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year.

Analyst Ratings Changes

Several analysts have recently commented on DELL shares. Raymond James raised their price target on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a report on Friday. Bank of America reduced their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. TD Cowen lifted their price objective on Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a report on Friday. UBS Group reduced their price objective on Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a report on Friday. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.00.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares of the company’s stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. 42.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies in the first quarter valued at $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies in the fourth quarter valued at $26,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Dell Technologies in the first quarter valued at $26,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

The firm has a market cap of $77.61 billion, a PE ratio of 19.65, a P/E/G ratio of 1.10 and a beta of 0.99. The stock has a 50-day moving average price of $95.00 and a 200 day moving average price of $107.08.

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).