Dell Technologies (NYSE:DELL) Shares Up 1.8%

Shares of Dell Technologies Inc. (NYSE:DELL) traded up 1.8% during mid-day trading on Tuesday . The company traded as high as $116.70 and last traded at $115.02. 2,443,991 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 6,765,707 shares. The stock had previously closed at $113.00.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DELL shares. Barclays upped their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. Loop Capital started coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price objective for the company. Sanford C. Bernstein increased their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Evercore ISI increased their price objective on shares of Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, TD Cowen increased their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.88.

Dell Technologies Price Performance

The business has a fifty day moving average price of $94.09 and a 200 day moving average price of $79.33. The company has a market capitalization of $82.31 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.91.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a negative return on equity of 165.52% and a net margin of 3.63%. The company’s revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. Research analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be paid a $0.445 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 annualized dividend and a yield of 1.54%. Dell Technologies’s dividend payout ratio is currently 33.87%.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of Dell Technologies stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total value of $250,613,593.32. Following the completion of the transaction, the director now directly owns 293,812 shares of the company’s stock, valued at approximately $23,155,323.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total value of $250,613,593.32. Following the transaction, the director now owns 293,812 shares in the company, valued at approximately $23,155,323.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 1,019,203 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $110.06, for a total transaction of $112,173,482.18. Following the sale, the director now directly owns 535,816 shares in the company, valued at approximately $58,971,908.96. The disclosure for this sale can be found here. Insiders have sold 9,558,306 shares of company stock valued at $956,098,061 over the last 90 days. 48.60% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in Dell Technologies by 655.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,534,968 shares of the technology company’s stock worth $182,351,000 after acquiring an additional 3,934,878 shares during the last quarter. FMR LLC raised its position in Dell Technologies by 59.6% in the 3rd quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after purchasing an additional 3,499,760 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Dell Technologies by 449.8% during 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 acquiring an additional 3,038,891 shares during the period. Alkeon Capital Management LLC boosted its stake in Dell Technologies by 241.9% in the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock valued at $294,453,000 after acquiring an additional 3,023,625 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Dell Technologies during the fourth quarter worth $111,100,000. 38.10% 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).