Dell Technologies (NYSE:DELL) Trading Up 1.8%

Dell Technologies Inc. (NYSE:DELL)’s stock price rose 1.8% during mid-day trading on Tuesday . The company traded as high as $116.70 and last traded at $115.02. Approximately 2,443,991 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 6,765,707 shares. The stock had previously closed at $113.00.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays lifted their price target on Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Loop Capital initiated coverage on Dell Technologies in a research note on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price for the company. Morgan Stanley increased their price target on shares of Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. The Goldman Sachs Group boosted their price target on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Finally, Sanford C. Bernstein raised their target price on Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $102.88.

Dell Technologies Price Performance

The firm has a market cap of $79.49 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 1.45 and a beta of 0.91. The stock’s 50-day moving average price is $95.47 and its 200 day moving average price is $79.95.

Dell Technologies (NYSE:DELL) last released its earnings results 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 business had revenue of $22.32 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company posted $1.55 earnings per share. As a group, analysts forecast that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.59%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.87%.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $78.81, for a total value of $250,613,593.32. Following the transaction, the director now owns 293,812 shares in the company, valued at approximately $23,155,323.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the sale, the director now owns 408,694 shares in the company, valued at approximately $51,626,226.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total transaction of $250,613,593.32. Following the completion of the sale, the director now owns 293,812 shares of the company’s stock, valued at approximately $23,155,323.72. The disclosure for this sale can be found here. Insiders sold a total of 9,558,306 shares of company stock valued at $956,098,061 in the last three months. Insiders own 48.60% of the company’s stock.

Institutional Trading of Dell Technologies

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in shares of Dell Technologies in the 4th quarter worth $25,000. Anchor Investment Management LLC bought a new position in Dell Technologies during the fourth quarter valued at about $26,000. Rise Advisors LLC grew its position in Dell Technologies by 200.0% during the third quarter. Rise Advisors LLC now owns 357 shares of the technology company’s stock valued at $25,000 after buying an additional 238 shares during the period. Pinnacle Bancorp Inc. grew its position in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after buying an additional 188 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its position in Dell Technologies by 454.5% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after buying an additional 400 shares during the period. Institutional investors own 38.10% 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).