Dell Technologies (NYSE:DELL) Trading 2.4% Higher – Time to Buy?

Shares of Dell Technologies Inc. (NYSE:DELL) traded up 2.4% on Monday . The stock traded as high as $116.46 and last traded at $116.48. 1,149,792 shares changed hands during trading, a decline of 88% from the average session volume of 9,427,706 shares. The stock had previously closed at $113.75.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DELL shares. TD Cowen lifted their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a “hold” rating in a report on Friday, May 30th. Wells Fargo & Company reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Citigroup boosted their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Bank of America reduced their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Mizuho upped their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Price Performance

The stock has a 50 day moving average of $96.79 and a 200 day moving average of $106.07. The firm has a market cap of $80.15 billion, a P/E ratio of 20.31, a PEG ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.27 earnings per share. On average, research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the sale, the general counsel now directly owns 79,928 shares of the company’s stock, valued at $8,697,764.96. This trade represents a 46.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,091 shares of company stock worth $8,608,142. Corporate insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC increased its position in Dell Technologies by 12.9% in the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after purchasing an additional 3,470 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in Dell Technologies by 163.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company’s stock worth $1,909,000 after buying an additional 10,281 shares during the last quarter. Vest Financial LLC lifted its position in Dell Technologies by 61.8% in the fourth quarter. Vest Financial LLC now owns 25,043 shares of the technology company’s stock worth $2,886,000 after buying an additional 9,567 shares during the last quarter. Rhumbline Advisers lifted its position in Dell Technologies by 4.0% in the fourth quarter. Rhumbline Advisers now owns 635,264 shares of the technology company’s stock worth $73,208,000 after buying an additional 24,205 shares during the last quarter. Finally, G&S Capital LLC lifted its position in Dell Technologies by 95.9% in the fourth quarter. G&S Capital LLC now owns 21,785 shares of the technology company’s stock worth $2,511,000 after buying an additional 10,666 shares during the last quarter. 76.37% of the stock is currently owned by 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).