Dell Technologies (NYSE:DELL) Sees Large Volume Increase After Analyst Upgrade

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) saw an uptick in trading volume on Friday after Citigroup raised their price target on the stock from $128.00 to $135.00. Citigroup currently has a buy rating on the stock. 7,406,829 shares were traded during mid-day trading, a decline of 8% from the previous session's volume of 8,045,840 shares.The stock last traded at $112.63 and had previously closed at $113.63.

Several other equities analysts have also recently weighed in on the stock. UBS Group decreased their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note 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 for the company in a research note on Tuesday, February 18th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday. Finally, Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Transactions at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders own 42.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DELL. Brighton Jones LLC grew its position in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Dell Technologies by 47.4% during the fourth quarter. Blue Trust Inc. now owns 2,077 shares of the technology company's stock worth $246,000 after purchasing an additional 668 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Dell Technologies during the fourth quarter worth about $1,115,000. Capital Investment Advisory Services LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth about $242,000. Finally, Cibc World Market Inc. grew its holdings in shares of Dell Technologies by 17.4% during the fourth quarter. Cibc World Market Inc. now owns 301,073 shares of the technology company's stock worth $34,696,000 after purchasing an additional 44,621 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

The company has a market capitalization of $77.61 billion, a P/E ratio of 19.65, a PEG ratio of 1.10 and a beta of 0.99. The company has a fifty day moving average price of $95.00 and a two-hundred day moving average price of $107.08.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the previous year, the company earned $1.27 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

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).