Dell Technologies (NYSE:DELL) Trading 1% Higher – Should You Buy?

Shares of Dell Technologies Inc. (NYSE:DELL) shot up 1% during trading on Wednesday . The stock traded as high as $114.00 and last traded at $112.52. 1,987,746 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 7,966,282 shares. The stock had previously closed at $111.44.

Analysts Set New Price Targets

Several research analysts have commented on DELL shares. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. JPMorgan Chase & Co. cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday. Morgan Stanley upped their price objective on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Barclays raised their target price 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. Finally, Mizuho decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $147.47.

Dell Technologies Trading Up 1.3 %

The stock has a 50 day moving average of $113.92 and a 200-day moving average of $117.18. The stock has a market capitalization of $79.10 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 earnings per share. Research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Buying and Selling

In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 946,132 shares of company stock valued at $115,660,009 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after buying an additional 2,662,407 shares during the last quarter. State Street Corp lifted its position in Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dell Technologies by 71.8% in the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after acquiring an additional 2,641,456 shares in the last quarter. Norges Bank acquired a new position in shares of Dell Technologies during the fourth quarter worth $455,029,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Dell Technologies by 63.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after purchasing an additional 1,139,318 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).