Dell Technologies (NYSE:DELL) Sees Unusually-High Trading Volume on Analyst Upgrade

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) saw unusually-strong 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. Approximately 7,406,829 shares were traded during 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.

Other research analysts have also issued reports about the company. Raymond James lifted their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Bank of America reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a report on Thursday. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and an average price target of $138.00.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $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 Trading of Dell Technologies

A number of hedge funds have recently made changes to their positions in DELL. Brighton Jones LLC boosted its holdings in shares of Dell Technologies by 42.7% during the 4th 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. lifted its holdings in shares of Dell Technologies by 47.4% in the 4th quarter. Blue Trust Inc. now owns 2,077 shares of the technology company's stock worth $246,000 after acquiring an additional 668 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $624,000. Concord Wealth Partners increased its stake in Dell Technologies by 205.0% in the 4th quarter. Concord Wealth Partners now owns 3,514 shares of the technology company's stock worth $405,000 after buying an additional 2,362 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in Dell Technologies by 2.3% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,107 shares of the technology company's stock valued at $1,165,000 after buying an additional 227 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Down 3.0%

The company has a market capitalization of $75.35 billion, a PE ratio of 19.08, a PEG ratio of 1.10 and a beta of 0.99. The firm's 50-day simple moving average is $95.00 and its 200-day simple moving average is $106.89.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data 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 firm 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 last year, the company earned $1.27 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

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).