Dell Technologies (NYSE:DELL) Stock Price Up 0.7% – Still a Buy?

Shares of Dell Technologies Inc. (NYSE:DELL) shot up 0.7% during mid-day trading on Wednesday . The company traded as high as $121.56 and last traded at $121.20. 1,285,487 shares traded hands during trading, a decline of 88% from the average session volume of 10,321,797 shares. The stock had previously closed at $120.40.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DELL shares. Susquehanna initiated coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. Sanford C. Bernstein reduced their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Morgan Stanley dropped their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Bank of America upped their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Evercore ISI restated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Stock Up 1.6 %

The business’s fifty day moving average is $116.51 and its two-hundred day moving average is $125.30. The firm has a market cap of $86.93 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $1.44 earnings per share. Research analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s payout ratio is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock valued at $2,113,353,236 in the last quarter. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Several large investors have recently modified their holdings of the stock. Clean Yield Group acquired a new stake in shares of Dell Technologies during the 3rd quarter worth approximately $25,000. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies in the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies during the 1st quarter worth $30,000. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies during the 2nd quarter worth $33,000. Finally, Crewe Advisors LLC bought a new position in Dell Technologies in the second quarter valued at about $34,000. 38.10% of the stock is owned by institutional investors and hedge funds.

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).