Dell Technologies (NYSE:DELL) Trading Up 0.5% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s stock price was up 0.5% during trading on Wednesday . The stock traded as high as $122.57 and last traded at $122.53. Approximately 1,865,188 shares were traded during trading, a decline of 82% from the average daily volume of 10,556,959 shares. The stock had previously closed at $121.93.

Wall Street Analyst Weigh In

Several research firms have commented on DELL. JPMorgan Chase & Co. upped their price target on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. 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 report on Friday, August 30th. Raymond James cut their price target on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a report on Friday, September 27th. They set a “buy” rating and a $144.00 target price for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Dell Technologies Trading Up 0.2 %

The stock’s 50-day simple moving average is $110.51 and its 200-day simple moving average is $124.93. The firm has a market capitalization of $86.63 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same period in the previous year, the business posted $1.44 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.46%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Transactions at Dell Technologies

In other news, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the transaction, the director now owns 787,669 shares in the company, valued at $105,878,466.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,912,241 shares in the company, valued at $2,070,058,298.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of Dell Technologies stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the sale, the director now directly owns 787,669 shares in the company, valued at $105,878,466.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,978,043 shares of company stock worth $2,116,671,062 over the last three months. 46.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds have recently bought and sold shares of the business. Capital World Investors bought a new position in Dell Technologies in the first quarter worth approximately $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after buying an additional 3,038,891 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after buying an additional 1,011,512 shares during the period. Balyasny Asset Management L.P. boosted its position in Dell Technologies by 2,466.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 886,409 shares of the technology company’s stock valued at $67,810,000 after acquiring an additional 851,867 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in Dell Technologies by 159.8% during the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after purchasing an additional 832,144 shares in 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).