Dell Technologies (NYSE:DELL) Trading 3.2% Higher

Dell Technologies Inc. (NYSE:DELL)’s stock price traded up 3.2% during mid-day trading on Monday . The company traded as high as $121.91 and last traded at $121.55. 1,210,273 shares changed hands during trading, a decline of 83% from the average session volume of 7,179,246 shares. The stock had previously closed at $117.76.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley raised their price target on Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Wells Fargo & Company raised their price target on Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. The Goldman Sachs Group raised their price target on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Barclays increased their price objective on Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Finally, Sanford C. Bernstein increased their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $102.88.

Dell Technologies Stock Performance

The firm has a fifty day moving average price of $106.99 and a 200 day moving average price of $85.42. The firm has a market capitalization of $86.43 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.49 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.47. The firm had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. Dell Technologies’s revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 earnings per share. Research analysts predict that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. The ex-dividend date is Monday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a yield of 1.47%. Dell Technologies’s payout ratio is currently 33.87%.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 624,450 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the completion of the transaction, the chief executive officer now owns 39,787,791 shares of the company’s stock, valued at $4,766,577,361.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dell Technologies news, CEO Michael S. Dell sold 624,450 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the completion of the transaction, the chief executive officer now owns 39,787,791 shares of the company’s stock, valued at $4,766,577,361.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares of the company’s stock, valued at approximately $51,626,226.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,382,204 shares of company stock valued at $718,452,037. 48.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV grew its position in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. Central Bank & Trust Co. acquired a new position in Dell Technologies in the first quarter valued at $34,000. Jones Financial Companies Lllp acquired a new position in Dell Technologies in the fourth quarter valued at $25,000. Anchor Investment Management LLC acquired a new position in Dell Technologies in the fourth quarter valued at $26,000. Finally, Pinnacle Bancorp Inc. boosted its holdings in Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares during the last quarter. Hedge funds and other 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).