Dell Technologies (NYSE:DELL) Stock Price Up 3.6% – Here’s Why

Dell Technologies Inc. (NYSE:DELL)’s stock price traded up 3.6% during mid-day trading on Monday . The company traded as high as $117.16 and last traded at $114.28. 16,936,393 shares were traded during trading, an increase of 99% from the average session volume of 8,505,613 shares. The stock had previously closed at $110.26.

Analyst Ratings Changes

A number of research firms have commented on DELL. JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley dropped their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Mizuho decreased their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company increased their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.65.

Dell Technologies Stock Performance

The company has a market cap of $84.73 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. The business has a 50-day simple moving average of $113.06 and a 200-day simple moving average of $117.38.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during 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 revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 earnings per share. Research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.47%. Dell Technologies’s payout ratio is 31.45%.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock valued at $115,564,106 over the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bellwether Advisors LLC bought a new stake in Dell Technologies in the fourth quarter worth approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies in the fourth quarter valued at about $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. Institutional investors and hedge funds 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).