Dell Technologies (NYSE:DELL) Shares Up 6.4%

Dell Technologies Inc. (NYSE:DELL) shot up 6.4% on Tuesday . The stock traded as high as $101.38 and last traded at $101.33. 5,733,175 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 10,171,607 shares. The stock had previously closed at $95.27.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Morgan Stanley restated an “overweight” rating and set a $155.00 price target on shares of Dell Technologies in a report on Monday, June 17th. Evercore ISI dropped their price target on shares of Dell Technologies from $165.00 to $140.00 and set an “outperform” rating on the stock in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, Bank of America raised their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.25.

Dell Technologies Stock Performance

The company’s 50 day moving average price is $128.14 and its 200-day moving average price is $120.25. The stock has a market cap of $71.04 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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, analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were issued a $0.445 dividend. The ex-dividend date was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.78%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In related news, CEO Michael S. Dell sold 139,419 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the completion of the transaction, the chief executive officer now directly owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael S. Dell sold 139,419 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the sale, the chief executive officer now directly owns 30,272,822 shares of the company’s stock, valued at $4,122,552,899.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 1,340,823 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $133.67, for a total transaction of $179,227,810.41. Following the completion of the sale, the chief executive officer now owns 28,931,999 shares in the company, valued at $3,867,340,306.33. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,058,131 shares of company stock valued at $963,293,619. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

A number of large investors have recently modified their holdings of DELL. Vanguard Group Inc. lifted its position in Dell Technologies by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after purchasing an additional 647,192 shares during the last quarter. Boston Partners grew its position in Dell Technologies by 2.1% in the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after acquiring an additional 197,435 shares in the last quarter. Capital World Investors bought a new position in Dell Technologies in the first quarter valued at $835,946,000. Point72 Asset Management L.P. raised its position in Dell Technologies by 14.8% during the fourth quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after purchasing an additional 520,677 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Dell Technologies by 449.8% in the 4th 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 purchasing an additional 3,038,891 shares in the last quarter. 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).