Dell Technologies (NYSE:DELL) Shares Up 2.7% - Should You Buy?

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) rose 2.7% on Tuesday . The stock traded as high as $121.31 and last traded at $121.24. Approximately 1,409,587 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 8,914,102 shares. The stock had previously closed at $118.02.

Analysts Set New Price Targets

DELL has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Wells Fargo & Company reduced their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. The Goldman Sachs Group reduced their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Finally, Mizuho raised their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned 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 target price of $138.00.

Dell Technologies Stock Performance

The business has a 50 day moving average price of $104.46 and a two-hundred day moving average price of $104.87. The stock has a market cap of $82.21 billion, a PE ratio of 19.31, a P/E/G ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 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 the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.27 EPS. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.73%. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the transaction, the insider now directly owns 56,429 shares in the company, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,470,322 shares of company stock valued at $167,441,630 in the last 90 days. 42.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bellwether Advisors LLC purchased a new position in Dell Technologies in the fourth quarter worth $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies during the fourth quarter valued at about $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies during the first quarter valued at about $25,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies during the first quarter valued at 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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