Dell Technologies (NYSE:DELL) Stock Price Up 1.1%

Shares of Dell Technologies Inc. (NYSE:DELL) shot up 1.1% on Wednesday . The stock traded as high as $119.64 and last traded at $118.65. 2,253,218 shares traded hands during trading, a decline of 79% from the average session volume of 10,666,006 shares. The stock had previously closed at $117.31.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DELL. Citigroup boosted their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company dropped their price objective on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, UBS Group lowered their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $139.19.

Dell Technologies Stock Up 1.6 %

The business has a 50-day simple moving average of $110.57 and a two-hundred day simple moving average of $124.34. The company has a market cap of $83.74 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.44 earnings per share. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.49%. Dell Technologies’s dividend payout ratio is 36.33%.

Insider Activity at Dell Technologies

In related 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 stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following 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 Securities & Exchange Commission, which is available at this hyperlink. In other news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’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 value 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 disclosure for this sale can be found here. Insiders have sold 9,007,047 shares of company stock worth $1,041,595,745 over the last three months. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DELL. GPS Wealth Strategies Group LLC increased its holdings in Dell Technologies by 1.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after buying an additional 82 shares during the last quarter. J.P. Marvel Investment Advisors LLC boosted its stake in shares of Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after buying an additional 98 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Dell Technologies by 2.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock worth $635,000 after buying an additional 100 shares during the last quarter. Finally, Front Row Advisors LLC boosted its stake in shares of Dell Technologies by 35.8% during the 2nd quarter. Front Row Advisors LLC now owns 391 shares of the technology company’s stock worth $54,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds 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).