Dell Technologies (NYSE:DELL) Trading 2.1% Higher – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s share price traded up 2.1% during mid-day trading on Thursday . The company traded as high as $107.25 and last traded at $106.66. 1,471,400 shares traded hands during trading, a decline of 82% from the average session volume of 8,174,336 shares. The stock had previously closed at $104.45.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Citigroup dropped their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Morgan Stanley raised their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Trading Up 1.9 %

The firm’s 50 day moving average is $115.27 and its two-hundred day moving average is $117.48. The firm has a market cap of $74.53 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 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 the consensus estimate of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS. Analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.67%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 946,132 shares of company stock worth $115,660,009. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Burns J W & Co. Inc. NY bought a new position in Dell Technologies during the fourth quarter worth $1,272,000. iA Global Asset Management Inc. boosted its position in shares of Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 5,203 shares during the period. National Pension Service boosted its position in shares of Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares during the period. Sky Investment Group LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at about $1,687,000. Finally, Enclave Advisors LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at about $848,000. 76.37% of the stock is 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).