Dell Technologies (NYSE:DELL) Stock Price Up 1.2% – Here’s Why

Dell Technologies Inc. (NYSE:DELL) rose 1.2% during trading on Friday . The company traded as high as $107.09 and last traded at $106.61. Approximately 1,386,592 shares were traded during trading, a decline of 83% from the average daily volume of 8,122,447 shares. The stock had previously closed at $105.35.

Analyst Ratings Changes

Several research analysts have issued reports on DELL shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Wells Fargo & Company upped their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Finally, Mizuho reduced 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 analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Down 0.7 %

The stock has a market capitalization of $73.25 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 1.09 and a beta of 0.92. The company’s fifty day simple moving average is $118.15 and its 200 day simple moving average is $118.31.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.70%. Dell Technologies’s payout ratio is presently 31.45%.

Insider Activity

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 946,132 shares of company stock valued at $115,660,009. 46.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently added to or reduced their stakes in DELL. Clean Yield Group bought a new stake in shares of Dell Technologies during the 3rd quarter valued at about $25,000. Byrne Asset Management LLC bought a new stake in Dell Technologies in the 4th quarter worth approximately $28,000. True Wealth Design LLC lifted its position in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares during the last quarter. MCF Advisors LLC lifted its position in Dell Technologies by 132.0% in the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after buying an additional 165 shares during the last quarter. Finally, Covestor Ltd lifted its position in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after buying an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 76.37% 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).