Dell Technologies (NYSE:DELL) Trading 1.4% Higher – Here’s Why

Dell Technologies Inc. (NYSE:DELL) shares rose 1.4% on Wednesday . The stock traded as high as $103.57 and last traded at $102.75. Approximately 2,707,572 shares were traded during trading, a decline of 67% from the average daily volume of 8,200,825 shares. The stock had previously closed at $101.29.

Analysts Set New Price Targets

A number of research analysts have weighed in on DELL shares. Wells Fargo & Company raised their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Morgan Stanley increased their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Finally, Melius Research lifted their price objective 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. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Up 1.8 %

The company has a market cap of $72.20 billion, a PE ratio of 18.21, a P/E/G ratio of 1.22 and a beta of 0.92. The stock has a 50-day moving average of $119.43 and a 200-day moving average of $118.51.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate 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 was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share. Research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.73%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clean Yield Group bought a new stake in shares of Dell Technologies during the 3rd quarter valued at $25,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at $28,000. True Wealth Design LLC lifted its stake in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after buying an additional 165 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. 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).