Dell Technologies Inc. (NYSE:DELL – Get Free Report)’s share price was up 1.4% on Wednesday . The stock traded as high as $103.57 and last traded at $102.75. Approximately 2,707,572 shares changed hands during trading, a decline of 67% from the average daily volume of 8,200,825 shares. The stock had previously closed at $101.29.
Analyst Ratings Changes
DELL has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Mizuho decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Barclays increased their price target on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Finally, Melius Research boosted 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. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $148.06.
View Our Latest Report on Dell Technologies
Dell Technologies Stock Performance
Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the company earned $1.62 EPS. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.
Dell Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.
Insiders Place Their Bets
In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’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 completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the transaction, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock valued at $115,660,009 in the last three months. 46.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Dell Technologies
Large investors have recently made changes to their positions in the stock. Clean Yield Group purchased a new stake in Dell Technologies in the third quarter valued at approximately $25,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at $28,000. True Wealth Design LLC lifted its stake in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. MCF Advisors LLC grew its position in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after acquiring an additional 165 shares in the last quarter. Finally, Covestor Ltd increased its stake in Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.
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).
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