Dell Technologies (NYSE:DELL) Shares Up 5.1% – Should You Buy?

Dell Technologies Inc. (NYSE:DELL)’s share price shot up 5.1% during trading on Wednesday . The company traded as high as $116.11 and last traded at $116.33. 3,141,549 shares were traded during trading, a decline of 61% from the average session volume of 8,073,175 shares. The stock had previously closed at $110.65.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DELL shares. Barclays raised their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Melius Research increased their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley dropped their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective 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 investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Dell Technologies Stock Up 4.4 %

The company has a market capitalization of $80.90 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.10 and a beta of 0.90. The firm has a 50 day moving average price of $112.85 and a two-hundred day moving average price of $118.21.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 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 9.5% on a year-over-year basis. During the same period last year, the business posted $1.62 earnings per share. Analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 937,407 shares of company stock valued at $114,418,186. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently bought and sold shares of the company. Burns J W & Co. Inc. NY bought a new position in Dell Technologies in the fourth quarter valued at $1,272,000. iA Global Asset Management Inc. grew its holdings in Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after buying an additional 5,203 shares in the last quarter. National Pension Service increased its holdings in shares of Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares during the period. Sky Investment Group LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at approximately $1,687,000. Finally, Enclave Advisors LLC acquired a new stake in Dell Technologies in the fourth quarter valued at about $848,000. Institutional investors 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).