Dell Technologies (NYSE:DELL) Trading Up 1.1% Following Analyst Upgrade

Dell Technologies Inc. (NYSE:DELL)’s share price traded up 1.1% during trading on Monday after Morgan Stanley raised their price target on the stock from $136.00 to $154.00. Morgan Stanley currently has an overweight rating on the stock. Dell Technologies traded as high as $140.74 and last traded at $135.73. 2,851,078 shares were traded during mid-day trading, a decline of 72% from the average session volume of 10,155,763 shares. The stock had previously closed at $134.23.

Several other brokerages have also recently commented on DELL. Bank of America boosted their price target on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen dropped their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Raymond James dropped their price target on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Susquehanna assumed coverage on Dell Technologies in a research report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.63.

Insider Activity

In other news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock valued at $2,113,353,236 in the last quarter. Insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds have recently bought and sold shares of DELL. Tradewinds LLC. increased its holdings in Dell Technologies by 413.2% during the 3rd quarter. Tradewinds LLC. now owns 8,910 shares of the technology company’s stock worth $1,056,000 after purchasing an additional 7,174 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Dell Technologies by 96.7% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 443,674 shares of the technology company’s stock worth $52,593,000 after purchasing an additional 218,084 shares during the period. Citizens Financial Group Inc. RI increased its holdings in Dell Technologies by 7.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 7,305 shares of the technology company’s stock worth $866,000 after purchasing an additional 525 shares during the period. Payden & Rygel increased its holdings in Dell Technologies by 15.5% during the 3rd quarter. Payden & Rygel now owns 106,500 shares of the technology company’s stock worth $12,625,000 after purchasing an additional 14,300 shares during the period. Finally, Altman Advisors Inc. purchased a new stake in Dell Technologies during the 3rd quarter worth about $1,894,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Trading Up 3.2 %

The company has a fifty day simple moving average of $120.40 and a two-hundred day simple moving average of $126.07. The company has a market cap of $97.32 billion, a PE ratio of 25.40, a P/E/G ratio of 1.41 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter in the prior year, the business posted $1.44 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.28%. Dell Technologies’s payout ratio is currently 32.72%.

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).