Dell Technologies (NYSE:DELL) Shares Up 0% – Still a Buy?

Dell Technologies Inc. (NYSE:DELL) shares were up 0% during trading on Thursday . The company traded as high as $136.91 and last traded at $134.54. Approximately 1,168,262 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 10,094,359 shares. The stock had previously closed at $134.53.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DELL shares. Bank of America raised their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. TD Cowen decreased their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Susquehanna began coverage on Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price for the company. Finally, Barclays lifted 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.63.

Dell Technologies Stock Down 0.1 %

The firm has a fifty day moving average of $121.89 and a 200-day moving average of $126.31. The stock has a market capitalization of $94.42 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.44 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same period in the prior year, the company earned $1.44 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.32%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Activity

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

Institutional Trading of Dell Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Capital World Investors acquired a new stake in Dell Technologies in the first quarter worth $835,946,000. International Assets Investment Management LLC increased its stake in Dell Technologies by 19,376.1% during 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 buying an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after buying an additional 1,011,512 shares in the last quarter. Bahl & Gaynor Inc. lifted its stake in shares of Dell Technologies by 159.8% in the 1st 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 during the period. Finally, Alkeon Capital Management LLC boosted its holdings in shares of Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after acquiring an additional 699,204 shares in the last quarter. Institutional investors 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).