Dell Technologies (NYSE:DELL) Stock Price Up 1.7% – Still a Buy?

Dell Technologies Inc. (NYSE:DELL) was up 1.7% during trading on Tuesday . The company traded as high as $101.99 and last traded at $101.84. Approximately 1,927,793 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 8,230,818 shares. The stock had previously closed at $100.09.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DELL shares. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Mizuho reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Wells Fargo & Company increased their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Finally, Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Trading Up 1.7 %

The firm has a market capitalization of $71.30 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.10 and a beta of 0.90. The company has a 50 day simple moving average of $116.46 and a two-hundred day simple moving average of $117.74.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.75%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business’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 completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock valued at $115,660,009 in the last three months. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DELL. State Street Corp raised its holdings in shares of Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC boosted its position in Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after acquiring an additional 2,641,456 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after acquiring an additional 2,415,234 shares during the period. Swedbank AB lifted its stake in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after purchasing an additional 1,139,318 shares in the last quarter. 76.37% of the stock is currently owned by 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).