Dell Technologies (NYSE:DELL) Trading Up 1.6% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s stock price shot up 1.6% during mid-day trading on Friday . The stock traded as high as $109.35 and last traded at $107.57. 2,691,315 shares were traded during mid-day trading, a decline of 67% from the average session volume of 8,087,334 shares. The stock had previously closed at $105.92.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Citigroup lowered their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Up 0.5 %

The company has a market capitalization of $74.56 billion, a PE ratio of 18.81, a PEG ratio of 1.10 and a beta of 0.90. The firm has a 50-day moving average of $114.90 and a two-hundred day moving average of $117.40.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the company posted $1.62 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities analysts predict 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. Shareholders of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.67%. Dell Technologies’s payout ratio is 31.45%.

Insider Activity

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 946,132 shares of company stock valued at $115,660,009 in the last quarter. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Dell Technologies during the second quarter worth $470,000. Czech National Bank acquired a new stake in Dell Technologies in the third quarter valued at about $6,947,000. GAMMA Investing LLC increased its position in Dell Technologies by 113.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,544 shares of the technology company’s stock worth $183,000 after purchasing an additional 819 shares during the period. Diversified Trust Co acquired a new position in shares of Dell Technologies during the 3rd quarter worth $209,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Dell Technologies during the 3rd quarter worth approximately $227,000. Institutional investors and hedge funds own 76.37% 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).