Dell Technologies (NYSE:DELL) Trading 2% Higher

Dell Technologies Inc. (NYSE:DELL) shares rose 2% on Thursday . The company traded as high as $114.40 and last traded at $113.92. Approximately 1,286,411 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 6,719,081 shares. The stock had previously closed at $111.68.

Analysts Set New Price Targets

Several brokerages recently commented on DELL. Loop Capital assumed coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $125.00 target price for the company. Wells Fargo & Company lifted their price target on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Raymond James raised their price target on shares of Dell Technologies from $68.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Sanford C. Bernstein boosted their target price on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, The Goldman Sachs Group increased their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $102.88.

Dell Technologies Price Performance

The company has a market cap of $81.20 billion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.45 and a beta of 0.91. The business’s fifty day moving average price is $95.47 and its 200 day moving average price is $79.95.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The company had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 earnings per share. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be given a $0.445 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.56%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio is presently 33.87%.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total transaction of $250,613,593.32. Following the completion of the sale, the director now directly owns 293,812 shares of the company’s stock, valued at approximately $23,155,323.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total value of $250,613,593.32. Following the sale, the director now directly owns 293,812 shares in the company, valued at $23,155,323.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jennifer D. Saavedra sold 18,260 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the sale, the insider now directly owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,558,306 shares of company stock valued at $956,098,061. Insiders own 48.60% of the company’s stock.

Institutional Trading of Dell Technologies

Several hedge funds have recently added to or reduced their stakes in DELL. Jones Financial Companies Lllp bought a new stake in shares of Dell Technologies in the 4th quarter valued at $25,000. Anchor Investment Management LLC bought a new position in Dell Technologies during the fourth quarter worth about $26,000. Rise Advisors LLC boosted its stake in Dell Technologies by 200.0% in the third quarter. Rise Advisors LLC now owns 357 shares of the technology company’s stock valued at $25,000 after buying an additional 238 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after acquiring an additional 188 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Dell Technologies by 454.5% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

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).