Dell Technologies (NYSE:DELL) Stock Price Up 0.4% – Still a Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price was up 0.4% on Tuesday . The stock traded as high as $132.46 and last traded at $130.40. Approximately 1,516,280 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 10,206,272 shares. The stock had previously closed at $129.85.

Analysts Set New Price Targets

Several research firms recently issued reports on DELL. Sanford C. Bernstein cut their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Raymond James dropped their price objective on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company reduced their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Barclays raised their price target on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Stock Performance

The firm has a market capitalization of $96.85 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.37 and a beta of 0.89. The business has a fifty day moving average price of $119.49 and a 200 day moving average price of $125.78.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.44 EPS. On average, analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.29%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Clean Yield Group bought a new stake in shares of Dell Technologies in the 3rd quarter worth approximately $25,000. Accordant Advisory Group Inc acquired a new position in Dell Technologies during the 2nd quarter valued at about $28,000. New Covenant Trust Company N.A. bought a new position in Dell Technologies in the 1st quarter worth about $30,000. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $33,000. Finally, Crewe Advisors LLC bought a new stake in shares of Dell Technologies during the second quarter valued at approximately $34,000. Institutional investors and hedge funds 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).