Dell Technologies (NYSE:DELL) Trading Up 2.3%

Dell Technologies Inc. (NYSE:DELL)’s share price rose 2.3% during trading on Wednesday . The company traded as high as $102.83 and last traded at $102.25. Approximately 4,062,359 shares were traded during trading, a decline of 60% from the average daily volume of 10,195,221 shares. The stock had previously closed at $99.94.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DELL. Loop Capital upped their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. UBS Group increased their price objective on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Sanford C. Bernstein boosted their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Evercore ISI decreased their price objective on shares of Dell Technologies from $165.00 to $140.00 and set an “outperform” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $132.69.

Dell Technologies Stock Performance

The stock’s fifty day moving average is $127.42 and its two-hundred day moving average is $120.36. The company has a market cap of $73.05 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

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

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the sale, the director now owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Michael S. Dell sold 1,205,052 shares of Dell Technologies stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total value of $159,018,661.92. Following the transaction, the chief executive officer now owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the transaction, the director now owns 806,352 shares in the company, valued at $108,986,536.32. 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 in the last three months. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GPS Wealth Strategies Group LLC raised its stake in shares of Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC raised its position in shares of Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after buying an additional 98 shares during the last quarter. BSW Wealth Partners lifted its holdings in shares of Dell Technologies by 0.7% in the 1st quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock valued at $1,913,000 after acquiring an additional 114 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in Dell Technologies by 1.7% in the second quarter. Citizens Financial Group Inc. RI now owns 6,780 shares of the technology company’s stock worth $935,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 38.10% 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).