Dell Technologies (NYSE:DELL) Trading 5.1% Higher – What’s Next?

Dell Technologies Inc. (NYSE:DELL)’s share price shot up 5.1% during mid-day trading on Friday . The stock traded as high as $130.33 and last traded at $129.99. 3,776,760 shares traded hands during trading, a decline of 63% from the average session volume of 10,197,755 shares. The stock had previously closed at $123.63.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Mizuho began coverage on shares of Dell Technologies in a research report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price objective for the company. Evercore ISI reiterated an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a research note on Wednesday, August 28th. TD Cowen reduced their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Sanford C. Bernstein dropped their target price on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Finally, Wells Fargo & Company reduced their price target on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Dell Technologies Stock Up 6.0 %

The stock’s 50-day simple moving average is $117.78 and its 200 day simple moving average is $125.32. The firm has a market cap of $92.03 billion, a P/E ratio of 24.10, a PEG ratio of 1.36 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. On average, research analysts forecast that Dell Technologies Inc. will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 32.72%.

Insider Buying and Selling at Dell Technologies

In other news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the transaction, the chief executive officer now owns 18,350,822 shares in the company, valued at approximately $1,957,665,690.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the transaction, the insider now owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently added to or reduced their stakes in the business. SpiderRock Advisors LLC raised its stake in shares of Dell Technologies by 50.7% in the third quarter. SpiderRock Advisors LLC now owns 28,257 shares of the technology company’s stock worth $3,350,000 after purchasing an additional 9,501 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in Dell Technologies in the 3rd quarter valued at $214,000. Equitable Trust Co. lifted its stake in Dell Technologies by 3.1% during the 3rd quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after acquiring an additional 88 shares in the last quarter. Easterly Investment Partners LLC purchased a new position in Dell Technologies during the 3rd quarter worth $1,067,000. Finally, Hollencrest Capital Management raised its holdings in shares of Dell Technologies by 811.9% in the third quarter. Hollencrest Capital Management now owns 611 shares of the technology company’s stock valued at $72,000 after purchasing an additional 544 shares during 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).