Dell Technologies (NYSE:DELL) Shares Up 0.9%

Shares of Dell Technologies Inc. (NYSE:DELL) rose 0.9% on Friday . The company traded as high as $114.72 and last traded at $112.42. Approximately 2,677,259 shares were traded during trading, a decline of 73% from the average daily volume of 10,038,706 shares. The stock had previously closed at $111.43.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research analyst reports. TD Cowen increased their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. UBS Group upped their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Morgan Stanley reiterated an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a research report on Monday, June 17th. Finally, Wells Fargo & Company lifted their price target on Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Trading Up 1.5 %

The company has a market cap of $80.26 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92. The business has a 50 day simple moving average of $140.80 and a two-hundred day simple moving average of $117.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The firm had revenue of $22.24 billion for the quarter, compared to analyst estimates of $21.70 billion. On average, equities research analysts expect that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.57%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 2,837,829 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $133.75, for a total value of $379,559,628.75. Following the transaction, the chief executive officer now directly owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the transaction, the director now directly owns 787,669 shares of the company’s stock, valued at $105,878,466.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 2,837,829 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $133.75, for a total value of $379,559,628.75. Following the completion of the sale, the chief executive officer now directly owns 20,412,241 shares of the company’s stock, valued at approximately $2,730,137,233.75. The disclosure for this sale can be found here. Insiders sold a total of 7,058,131 shares of company stock worth $963,293,619 in the last ninety days. Insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors bought a new position in Dell Technologies during the 1st quarter worth approximately $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Dell Technologies by 1,071.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,213,463 shares of the technology company’s stock valued at $92,281,000 after purchasing an additional 1,109,876 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Dell Technologies by 311.5% during the first quarter. Assenagon Asset Management S.A. now owns 1,195,871 shares of the technology company’s stock worth $136,461,000 after purchasing an additional 905,279 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of Dell Technologies by 2,466.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock worth $67,810,000 after buying an additional 851,867 shares during the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

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).