Stock Traders Buy Large Volume of Call Options on Dell Technologies (NYSE:DELL)

Dell Technologies Inc. (NYSE:DELL) was the target of unusually large options trading activity on Friday. Stock traders acquired 95,344 call options on the stock. This is an increase of 52% compared to the average volume of 62,584 call options.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,564,106 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently bought and sold shares of the stock. Meiji Yasuda Life Insurance Co acquired a new position in Dell Technologies during the 4th quarter valued at $415,000. Westbourne Investments Inc. acquired a new position in Dell Technologies during the 4th quarter valued at $939,000. Freestone Grove Partners LP acquired a new position in Dell Technologies during the 4th quarter valued at $25,502,000. One68 Global Capital LLC acquired a new position in Dell Technologies during the 4th quarter valued at $691,000. Finally, Comerica Bank raised its stake in Dell Technologies by 10.4% during the 4th quarter. Comerica Bank now owns 71,203 shares of the technology company’s stock valued at $8,205,000 after purchasing an additional 6,689 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 3.6 %

Shares of Dell Technologies stock opened at $114.28 on Friday. The firm has a fifty day simple moving average of $113.36 and a 200-day simple moving average of $117.10. Dell Technologies has a 1-year low of $80.49 and a 1-year high of $179.70. The stock has a market capitalization of $80.05 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the company earned $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts predict that Dell Technologies will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Analyst Ratings Changes

A number of brokerages recently commented on DELL. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday. Citigroup lowered their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.94.

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).