Dell Technologies (NYSE:DELL) Trading 2.9% Higher – Should You Buy?

Dell Technologies Inc. (NYSE:DELL) shares shot up 2.9% during mid-day trading on Friday . The stock traded as high as $124.79 and last traded at $124.07. 1,281,475 shares were traded during trading, a decline of 88% from the average session volume of 10,262,472 shares. The stock had previously closed at $120.57.

Wall Street Analyst Weigh In

DELL has been the subject of a number of analyst reports. Raymond James decreased their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Mizuho started coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price on the stock. TD Cowen dropped their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Dell Technologies Stock Performance

The company has a fifty day moving average of $116.73 and a two-hundred day moving average of $125.27. The firm has a market capitalization of $86.08 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.27 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced 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 during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.45%. Dell Technologies’s dividend payout ratio is presently 32.72%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 1,602,535 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $107.42, for a total transaction of $172,144,309.70. Following the sale, the chief executive officer now directly owns 15,412,241 shares of the company’s stock, valued at approximately $1,655,582,928.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Dell Technologies by 22.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after acquiring an additional 25,117 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $104,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Dell Technologies by 31.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after purchasing an additional 1,539 shares during the last quarter. Chicago Capital LLC lifted its stake in Dell Technologies by 3.7% in the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after purchasing an additional 4,385 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in Dell Technologies by 114.2% in the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after buying an additional 5,432 shares in 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).