Dell Technologies (NYSE:DELL) Shares Up 0.3% – What’s Next?

Dell Technologies Inc. (NYSE:DELL)’s share price shot up 0.3% on Friday . The stock traded as high as $121.29 and last traded at $120.31. 1,358,223 shares were traded during mid-day trading, a decline of 83% from the average session volume of 8,159,494 shares. The stock had previously closed at $119.89.

Wall Street Analyst Weigh In

DELL has been the topic of several recent analyst reports. Mizuho decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Company raised their target price 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. Citigroup decreased their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday. Bank of America decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.00.

Dell Technologies Trading Down 1.8 %

The firm’s 50-day moving average is $113.12 and its 200 day moving average is $117.42. The firm has a market capitalization of $82.50 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.11 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping 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 business had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same period last year, the company earned $1.62 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

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 $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now owns 777,347 shares in the company, valued at $97,386,032.16. The trade was a 11.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were 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 owns 228,419 shares in the company, valued at $28,739,678.58. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 937,407 shares of company stock worth $114,418,186. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp lifted its position in shares of Dell Technologies by 17.7% during the 4th quarter. Mackenzie Financial Corp now owns 77,028 shares of the technology company’s stock valued at $8,877,000 after acquiring an additional 11,569 shares during the period. Forum Financial Management LP lifted its position in shares of Dell Technologies by 9.9% during the 4th quarter. Forum Financial Management LP now owns 2,477 shares of the technology company’s stock valued at $285,000 after acquiring an additional 224 shares during the period. Formidable Asset Management LLC lifted its position in shares of Dell Technologies by 2.7% during the 4th quarter. Formidable Asset Management LLC now owns 21,725 shares of the technology company’s stock valued at $2,504,000 after acquiring an additional 570 shares during the period. Cache Advisors LLC bought a new stake in Dell Technologies during the 4th quarter valued at $572,000. Finally, Pinney & Scofield Inc. bought a new stake in Dell Technologies during the 4th quarter valued at $44,000. 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).