Dell Technologies (NYSE:DELL) Trading Up 1% – Still a Buy?

Dell Technologies Inc. (NYSE:DELL) rose 1% on Thursday . The company traded as high as $105.55 and last traded at $104.17. Approximately 2,078,468 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 8,177,444 shares. The stock had previously closed at $103.10.

Analyst Upgrades and Downgrades

DELL has been the topic of several recent research reports. Mizuho cut their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley lifted their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective 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, Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Down 1.4 %

The business has a 50-day moving average price of $117.34 and a two-hundred day moving average price of $118.08. The company has a market capitalization of $72.74 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the firm earned $1.62 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the sale, the director now owns 23,680 shares in the company, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock valued at $115,660,009 in the last three months. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors have recently added to or reduced their stakes in DELL. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies during the 4th quarter worth $1,272,000. iA Global Asset Management Inc. boosted its position in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. National Pension Service increased its stake in shares of Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares in the last quarter. Sky Investment Group LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $1,687,000. Finally, Enclave Advisors LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $848,000. Institutional investors own 76.37% of the company’s stock.

About Dell Technologies

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).