Dell Technologies (NYSE:DELL) Stock Price Up 3.9%

Dell Technologies Inc. (NYSE:DELL)’s stock price traded up 3.9% during trading on Monday . The company traded as high as $96.47 and last traded at $96.19. 2,943,959 shares traded hands during trading, a decline of 71% from the average session volume of 10,159,301 shares. The stock had previously closed at $92.55.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Evercore ISI dropped their price target on Dell Technologies from $165.00 to $140.00 and set an “outperform” rating on the stock in a research note on Monday. Bank of America boosted their price objective on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Citigroup raised their target price on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company increased their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $134.25.

Dell Technologies Stock Performance

The firm has a fifty day moving average price of $128.88 and a 200 day moving average price of $120.16. The firm has a market capitalization of $67.46 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The company had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. Research analysts predict that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the sale, the director now directly owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares in the company, valued at $105,878,466.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 2,837,829 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $133.75, for a total value of $379,559,628.75. Following the completion of the sale, the chief executive officer now directly owns 20,412,241 shares in the company, valued at $2,730,137,233.75. The disclosure for this sale can be found here. Insiders sold a total of 7,058,131 shares of company stock valued at $963,293,619 over the last three months. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of DELL. Jones Financial Companies Lllp purchased a new position in Dell Technologies in the fourth quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the last quarter. Accordant Advisory Group Inc bought a new position in Dell Technologies during the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new position in Dell Technologies during the 1st quarter worth $30,000. Finally, Central Bank & Trust Co. bought a new stake in shares of Dell Technologies in the 1st quarter worth about $34,000. 38.10% of the stock is owned by institutional investors and hedge funds.

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).