Dell Technologies (NYSE:DELL) Shares Up 4.1% – Time to Buy?

Shares of Dell Technologies Inc. (NYSE:DELL) rose 4.1% during trading on Tuesday . The company traded as high as $120.92 and last traded at $119.05. Approximately 6,051,484 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 8,267,519 shares. The stock had previously closed at $114.38.

Analyst Ratings Changes

DELL has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Mizuho reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $145.65.

Dell Technologies Trading Down 0.8 %

The company has a market cap of $84.05 billion, a P/E ratio of 21.20, a PEG ratio of 1.08 and a beta of 0.90. The business has a 50 day moving average price of $113.11 and a 200-day moving average price of $117.40.

Dell Technologies (NYSE:DELL) last posted its quarterly 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 analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.62 earnings per share. On average, sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

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 annualized dividend and a yield of 1.48%. Dell Technologies’s dividend payout ratio is 31.45%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 945,407 shares of company stock worth $115,564,106. 46.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Creative Planning increased its position in Dell Technologies by 16.8% during the third quarter. Creative Planning now owns 98,961 shares of the technology company’s stock worth $11,435,000 after acquiring an additional 14,217 shares during the period. Optimist Retirement Group LLC increased its holdings in shares of Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares during the period. Blue Trust Inc. boosted its stake in shares of Dell Technologies by 132.1% in the third quarter. Blue Trust Inc. now owns 1,409 shares of the technology company’s stock valued at $167,000 after buying an additional 802 shares during the period. OLD National Bancorp IN grew its position in Dell Technologies by 19.2% during the third quarter. OLD National Bancorp IN now owns 2,163 shares of the technology company’s stock worth $256,000 after buying an additional 348 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Dell Technologies by 536.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 276,830 shares of the technology company’s stock worth $32,815,000 after acquiring an additional 233,313 shares during the period. Institutional investors own 76.37% of the company’s stock.

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).