Dell Technologies (NYSE:DELL) Shares Up 0.4% – Time to Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price shot up 0.4% during trading on Tuesday . The stock traded as high as $132.46 and last traded at $130.40. 1,516,280 shares were traded during trading, a decline of 85% from the average session volume of 10,206,272 shares. The stock had previously closed at $129.85.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DELL shares. Morgan Stanley decreased their price target on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Mizuho started coverage on Dell Technologies in a report on Tuesday, September 17th. They set an “outperform” rating and a $135.00 target price on the stock. Sanford C. Bernstein cut their price target on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Bank of America lifted their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Raymond James cut their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Stock Down 0.3 %

The company has a market cap of $96.85 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.37 and a beta of 0.89. The business has a 50-day simple moving average of $119.49 and a two-hundred day simple moving average of $125.78.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.29%. Dell Technologies’s dividend payout ratio is presently 32.72%.

Insider Buying and Selling at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236 in the last 90 days. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Several institutional investors have recently made changes to their positions in DELL. Capital World Investors bought a new position in Dell Technologies during the first quarter worth about $835,946,000. International Assets Investment Management LLC grew its position in Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after acquiring an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Dell Technologies by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after acquiring an additional 51,804 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Dell Technologies by 4.1% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,408,807 shares of the technology company’s stock valued at $194,289,000 after purchasing an additional 55,763 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock worth $156,275,000 after purchasing an additional 575,166 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).