Dell Technologies (NYSE:DELL) Trading Up 5%

Dell Technologies Inc. (NYSE:DELL) was up 5% during trading on Wednesday . The company traded as high as $154.14 and last traded at $149.15. Approximately 33,500,098 shares changed hands during trading, an increase of 65% from the average daily volume of 20,269,042 shares. The stock had previously closed at $142.03.

Analyst Ratings Changes

Several brokerages recently commented on DELL. Wells Fargo & Company boosted their target price on Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Morgan Stanley reissued an “overweight” rating and issued a $155.00 price objective on shares of Dell Technologies in a research note on Monday. Bank of America raised their target price on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Citigroup raised their price objective on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Price Performance

The firm has a market cap of $105.96 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.85. The stock’s fifty day moving average price is $135.85 and its 200-day moving average price is $107.03.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Insider Transactions at Dell Technologies

In related news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now directly owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William F. Scannell sold 106,483 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total value of $13,752,279.45. Following the sale, the insider now owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The disclosure for this sale can be found here. Insiders sold a total of 5,857,539 shares of company stock valued at $781,118,135 over the last quarter. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale raised its stake in shares of Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after purchasing an additional 1,011,512 shares in the last quarter. Cambridge Trust Co. increased its holdings in Dell Technologies by 89.6% in the first quarter. Cambridge Trust Co. now owns 2,406 shares of the technology company’s stock worth $275,000 after buying an additional 1,137 shares during the last quarter. Cetera Advisors LLC raised its position in Dell Technologies by 259.3% during the first quarter. Cetera Advisors LLC now owns 29,532 shares of the technology company’s stock valued at $3,370,000 after acquiring an additional 21,312 shares in the last quarter. Cetera Investment Advisers lifted its stake in Dell Technologies by 156.3% in the first quarter. Cetera Investment Advisers now owns 82,664 shares of the technology company’s stock valued at $9,433,000 after acquiring an additional 50,411 shares during the last quarter. Finally, PGGM Investments grew its position in Dell Technologies by 5.7% in the first quarter. PGGM Investments now owns 62,481 shares of the technology company’s stock worth $7,130,000 after acquiring an additional 3,372 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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).