Dell Technologies (NYSE:DELL) Trading Up 0.3% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) traded up 0.3% on Friday . The stock traded as high as $121.29 and last traded at $120.31. 1,358,223 shares traded hands during trading, a decline of 83% from the average session volume of 8,159,494 shares. The stock had previously closed at $119.89.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Citigroup reduced their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

Dell Technologies Stock Down 1.9 %

The company has a market capitalization of $82.41 billion, a PE ratio of 20.79, a PEG ratio of 1.10 and a beta of 0.90. The company’s 50 day moving average is $113.11 and its two-hundred day moving average is $117.71.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.62 earnings per share. Analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. Dell Technologies’s payout ratio is currently 31.45%.

Insider Activity

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Optimist Retirement Group LLC grew its position in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after acquiring an additional 463 shares during the last quarter. Blue Trust Inc. increased its position in shares of Dell Technologies by 132.1% during the third quarter. Blue Trust Inc. now owns 1,409 shares of the technology company’s stock worth $167,000 after acquiring an additional 802 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of Dell Technologies by 52.1% during the third quarter. Foundations Investment Advisors LLC now owns 3,735 shares of the technology company’s stock valued at $443,000 after acquiring an additional 1,280 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Dell Technologies by 110.6% in the third quarter. Private Advisor Group LLC now owns 61,069 shares of the technology company’s stock valued at $7,239,000 after purchasing an additional 32,074 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in Dell Technologies by 2.5% in the third quarter. IFM Investors Pty Ltd now owns 60,757 shares of the technology company’s stock worth $7,202,000 after purchasing an additional 1,479 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

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).