Dell Technologies (NYSE:DELL) Shares Up 0% – Time to Buy?

Dell Technologies Inc. (NYSE:DELL)’s share price was up 0% during mid-day trading on Monday . The company traded as high as $126.98 and last traded at $126.49. Approximately 1,017,008 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 10,365,893 shares. The stock had previously closed at $126.46.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective on the stock. TD Cowen reduced their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Bank of America upped their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays upped their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research report on Friday, August 30th. Finally, Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $143.50.

Dell Technologies Price Performance

The stock’s 50 day simple moving average is $114.96 and its two-hundred day simple moving average is $125.48. The company has a market capitalization of $88.87 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.29 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the company earned $1.44 EPS. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other 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 sale, the director now owns 23,680 shares of the company’s stock, valued at $3,066,560. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors acquired a new stake in Dell Technologies during the first quarter worth about $835,946,000. DekaBank Deutsche Girozentrale increased its position in shares of Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after acquiring an additional 1,011,512 shares in the last quarter. Bahl & Gaynor Inc. increased its position in shares of Dell Technologies by 159.8% during the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock worth $154,396,000 after acquiring an additional 832,144 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Dell Technologies by 303.6% during the first quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock worth $107,173,000 after acquiring an additional 705,167 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Dell Technologies by 103.1% during the second quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after acquiring an additional 575,166 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).