Dell Technologies (NYSE:DELL) Shares Up 2.1% - Here's Why

Key Points

• Dell Technologies' stock price rose by 2.1% on Monday, reaching a high of $130.21 after previously closing at $127.32, although trading volume was drastically lower than average.
• Wall Street analysts maintain a largely positive outlook on Dell, with 16 buy ratings and an average price target of $140.06, despite some recent downgrades.
• The company recently announced a quarterly dividend of $0.525 per share, reflecting a 1.6% dividend yield, with a payout ratio of 33.49%.

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price shot up 2.1% on Monday . The company traded as high as $130.21 and last traded at $130.03. 655,218 shares traded hands during trading, a decline of 91% from the average session volume of 7,283,917 shares. The stock had previously closed at $127.32.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DELL. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. UBS Group cut their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Mizuho raised their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. TD Cowen raised their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Finally, Citigroup raised their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Price Performance

The stock's 50 day moving average is $121.11 and its two-hundred day moving average is $106.85. The stock has a market capitalization of $88.39 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.27 earnings per share. On average, equities analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies's payout ratio is presently 33.49%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, the insider directly owned 56,429 shares of the company's stock, valued at $6,682,322.18. This represents a 61.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the transaction, the general counsel directly owned 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,947,063 shares of company stock worth $1,577,559,812 over the last 90 days. 42.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Earned Wealth Advisors LLC purchased a new stake in shares of Dell Technologies during the second quarter valued at $244,000. Amplius Wealth Advisors LLC acquired a new stake in Dell Technologies in the 2nd quarter valued at approximately $252,000. Simon Quick Advisors LLC boosted its stake in Dell Technologies by 66.4% during the second quarter. Simon Quick Advisors LLC now owns 4,170 shares of the technology company's stock worth $511,000 after buying an additional 1,664 shares in the last quarter. Adell Harriman & Carpenter Inc. lifted its position in shares of Dell Technologies by 606.3% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 17,148 shares of the technology company's stock worth $2,102,000 after buying an additional 14,720 shares during the period. Finally, Amalgamated Bank lifted its position in shares of Dell Technologies by 0.6% during the 2nd quarter. Amalgamated Bank now owns 59,800 shares of the technology company's stock worth $7,331,000 after buying an additional 356 shares during the period. 76.37% of the stock is currently owned by institutional investors.

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).

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