Dell Technologies (NYSE:DELL) Trading 2% Higher

Dell Technologies Inc. (NYSE:DELL) shares traded up 2% on Thursday . The stock traded as high as $114.40 and last traded at $113.92. 1,286,411 shares were traded during mid-day trading, a decline of 81% from the average session volume of 6,719,081 shares. The stock had previously closed at $111.68.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Dell Technologies from $99.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, March 1st. The Goldman Sachs Group lifted their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Sanford C. Bernstein increased their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Loop Capital assumed coverage on Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.88.

Dell Technologies Price Performance

The company’s 50 day moving average is $95.47 and its 200 day moving average is $79.95. The stock has a market cap of $81.20 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.45 and a beta of 0.91.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 earnings per share. Sell-side analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. Dell Technologies’s dividend payout ratio is presently 33.87%.

Insider Buying and Selling

In other news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the sale, the insider now directly owns 206,961 shares in the company, valued at approximately $24,856,016.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director V (Gp) L.L.C. Slta sold 1,019,203 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $110.06, for a total value of $112,173,482.18. Following the completion of the transaction, the director now owns 535,816 shares of the company’s stock, valued at approximately $58,971,908.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer D. Saavedra sold 18,260 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now directly owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The disclosure for this sale can be found here. Insiders sold a total of 9,558,306 shares of company stock valued at $956,098,061 over the last three months. Company insiders own 48.60% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new stake in Dell Technologies in the 4th quarter valued at $25,000. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth about $26,000. Rise Advisors LLC boosted its stake in Dell Technologies by 200.0% during the third quarter. Rise Advisors LLC now owns 357 shares of the technology company’s stock valued at $25,000 after buying an additional 238 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after buying an additional 188 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Dell Technologies by 454.5% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after acquiring an additional 400 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other 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).