Dell Technologies (NYSE:DELL) Trading 1.2% Higher – Here’s Why

Dell Technologies Inc. (NYSE:DELL)’s share price traded up 1.2% during trading on Friday . The company traded as high as $107.09 and last traded at $106.61. 1,386,592 shares were traded during mid-day trading, a decline of 83% from the average session volume of 8,122,447 shares. The stock had previously closed at $105.35.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Citigroup dropped their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, Morgan Stanley boosted their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Price Performance

The stock has a market cap of $72.74 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.09 and a beta of 0.92. The company has a fifty day moving average price of $117.34 and a 200 day moving average price of $118.08.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.71%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $3,132,390.40. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Clean Yield Group purchased a new position in shares of Dell Technologies during the 3rd quarter valued at $25,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at $28,000. True Wealth Design LLC lifted its position in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after buying an additional 165 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

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).