Dell Technologies (NYSE:DELL) Stock Price Up 1.4% – Still a Buy?

Dell Technologies Inc. (NYSE:DELL) traded up 1.4% during mid-day trading on Wednesday . The stock traded as high as $103.57 and last traded at $102.75. 2,707,572 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 8,200,825 shares. The stock had previously closed at $101.29.

Analysts Set New Price Targets

Several research analysts recently commented on DELL shares. Melius Research boosted their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Finally, Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

Dell Technologies Stock Down 1.4 %

The company has a market cap of $72.74 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92. The firm has a 50-day simple moving average of $118.15 and a 200 day simple moving average of $118.31.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts expect that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Friday, November 22nd. The shares were 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 owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 946,132 shares of company stock worth $115,660,009. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Hedge funds have recently bought and sold shares of the company. Clean Yield Group acquired a new stake in Dell Technologies during the 3rd quarter worth approximately $25,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies during the fourth quarter worth approximately $28,000. True Wealth Design LLC increased its position in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. MCF Advisors LLC lifted its holdings in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after acquiring an additional 165 shares in the last quarter. Finally, Covestor Ltd boosted its position in Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 76.37% 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).