Dell Technologies (NYSE:DELL) Shares Up 0% – Should You Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price rose 0% during mid-day trading on Thursday . The company traded as high as $136.91 and last traded at $134.54. Approximately 1,168,262 shares changed hands during trading, a decline of 88% from the average daily volume of 10,094,359 shares. The stock had previously closed at $134.53.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Mizuho assumed coverage on Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price for the company. Susquehanna began coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price on the stock. Citigroup lifted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a report on Friday, September 27th. They issued a “buy” rating and a $144.00 price target on the stock. Finally, Bank of America upped their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.63.

Dell Technologies Stock Down 2.1 %

The stock has a market capitalization of $92.45 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. The company’s fifty day moving average price is $123.03 and its 200-day moving average price is $126.39.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. Equities research analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is currently 32.72%.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236 over the last ninety days. Insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DELL. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies in the 2nd quarter worth approximately $28,000. Clean Yield Group purchased a new stake in Dell Technologies during the third quarter valued at approximately $25,000. Nemes Rush Group LLC bought a new position in Dell Technologies in the second quarter worth approximately $33,000. Crewe Advisors LLC purchased a new position in shares of Dell Technologies during the 2nd quarter worth $34,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies in the 1st quarter worth $30,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

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).