Dell Technologies (NYSE:DELL) Shares Up 0.4%

Shares of Dell Technologies Inc. (NYSE:DELL) shot up 0.4% during trading on Tuesday . The company traded as high as $150.23 and last traded at $146.56. 5,502,783 shares changed hands during trading, a decline of 45% from the average session volume of 10,040,140 shares. The stock had previously closed at $145.97.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DELL. Loop Capital boosted their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Barclays dropped their target price on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 31st. Evercore ISI reiterated an “outperform” rating and issued a $165.00 price target on shares of Dell Technologies in a research note on Monday, July 1st. Citigroup upped their price target on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $155.00 price target on shares of Dell Technologies in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Stock Performance

The stock has a market cap of $99.81 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92. The company’s 50-day moving average price is $141.84 and its 200 day moving average price is $114.21.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is 36.33%.

Insider Buying and Selling

In related news, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the sale, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the transaction, the director now directly owns 806,352 shares in the company, valued at approximately $108,986,536.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the completion of the transaction, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,015,863 shares of company stock valued at $957,413,025. 46.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Advisors Network LLC purchased a new stake in Dell Technologies in the third quarter worth $213,000. Graham Capital Management L.P. acquired a new stake in shares of Dell Technologies during the third quarter worth about $1,665,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Dell Technologies by 32.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 13,225 shares of the technology company’s stock worth $911,000 after purchasing an additional 3,248 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth about $26,000. Finally, DNB Asset Management AS raised its position in Dell Technologies by 0.3% during the fourth quarter. DNB Asset Management AS now owns 111,225 shares of the technology company’s stock valued at $8,509,000 after acquiring an additional 369 shares in the last quarter. 38.10% of the stock is currently owned by 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).