Dell Technologies (NYSE:DELL) Stock Price Up 1.7% – Time to Buy?

Dell Technologies Inc. (NYSE:DELL) shares traded up 1.7% during trading on Tuesday . The stock traded as high as $101.99 and last traded at $101.84. 1,927,793 shares were traded during trading, a decline of 77% from the average session volume of 8,230,818 shares. The stock had previously closed at $100.09.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DELL. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Barclays upped their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Morgan Stanley raised their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft dropped 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. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Price Performance

The firm has a 50 day simple moving average of $116.46 and a 200-day simple moving average of $117.74. The company has a market cap of $71.30 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (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 analyst estimates of $24.67 billion. During the same period in the previous year, the firm earned $1.62 EPS. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. Research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.75%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock valued at $115,660,009 in the last three months. 46.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of DELL. Bank of New York Mellon Corp increased its position in Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after buying an additional 1,139,318 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $551,000. Mengis Capital Management Inc. raised its position in Dell Technologies by 3.8% in the 4th quarter. Mengis Capital Management Inc. now owns 18,560 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 675 shares during the last quarter. Prasad Wealth Partners LLC purchased a new position in Dell Technologies during the 4th quarter worth $356,000. Finally, Edge Capital Group LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at about $4,559,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).