Dell Technologies (NYSE:DELL) Shares Up 1% – Time to Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price shot up 1% on Thursday . The stock traded as high as $113.95 and last traded at $113.86. 916,604 shares were traded during trading, a decline of 90% from the average session volume of 9,560,141 shares. The stock had previously closed at $112.70.

Analyst Ratings Changes

Several brokerages have recently weighed in on DELL. Mizuho lifted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $111.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. UBS Group decreased their price objective on Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Bank of America decreased their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Stock Up 1.7%

The firm has a market cap of $79.39 billion, a PE ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01. The stock has a 50-day simple moving average of $96.79 and a two-hundred day simple moving average of $106.48.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 earnings per share. Research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, the general counsel now directly owns 79,928 shares in the company, valued at $8,697,764.96. This trade represents a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,091 shares of company stock valued at $8,608,142. 42.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $28,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies during the 1st quarter worth about $25,000. Hedge funds and other institutional investors 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).