Dell Technologies (NYSE:DELL) Shares Up 2.6% - Still a Buy?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares traded up 2.6% during mid-day trading on Tuesday . The company traded as high as $116.68 and last traded at $116.72. 1,684,166 shares changed hands during trading, a decline of 82% from the average session volume of 9,277,931 shares. The stock had previously closed at $113.74.

Wall Street Analyst Weigh In

Several research firms have weighed in on DELL. The Goldman Sachs Group cut their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. 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. Morgan Stanley increased their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Barclays increased their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Finally, Citigroup upped their target price on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Stock Performance

The stock has a market cap of $80.56 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a 50 day moving average of $101.01 and a 200-day moving average of $105.15.

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

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,379,092 shares of company stock valued at $156,638,174. Corporate insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently made changes to their positions in the stock. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the 4th quarter worth about $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies in the 4th quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies during the 1st quarter valued at about $25,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies during the 1st quarter worth about $26,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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).

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