Dell Technologies (NYSE:DELL) Shares Up 4.7% - What's Next?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shot up 4.7% during mid-day trading on Thursday . The company traded as high as $127.15 and last traded at $126.15. 3,708,935 shares were traded during trading, a decline of 58% from the average session volume of 8,870,926 shares. The stock had previously closed at $120.46.

Analysts Set New Price Targets

Several brokerages have recently commented on DELL. The Goldman Sachs Group reduced their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. 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, May 30th. UBS Group cut their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, Citigroup upped their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

Dell Technologies Trading Up 4.5%

The business has a 50 day moving average price of $105.90 and a 200-day moving average price of $105.09. The company has a market cap of $85.44 billion, a P/E ratio of 20.07, a PEG ratio of 1.11 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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 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%. The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 EPS. On average, sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is 33.49%.

Insiders Place Their Bets

In other news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,470,322 shares of company stock worth $167,441,630 in the last quarter. Corporate insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently added to or reduced their stakes in DELL. Brighton Jones LLC increased its holdings 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 purchasing an additional 901 shares during the period. IFP Advisors Inc increased its stake in shares of Dell Technologies by 31.9% in the fourth quarter. IFP Advisors Inc now owns 4,654 shares of the technology company's stock valued at $537,000 after buying an additional 1,125 shares during the period. Crestwood Advisors Group LLC raised its position in shares of Dell Technologies by 10.5% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,951 shares of the technology company's stock worth $340,000 after acquiring an additional 281 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Dell Technologies by 63.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company's stock worth $337,796,000 after acquiring an additional 1,139,318 shares during the period. Finally, Amalgamated Bank boosted its holdings in Dell Technologies by 2.6% in the fourth quarter. Amalgamated Bank now owns 57,678 shares of the technology company's stock valued at $6,647,000 after acquiring an additional 1,467 shares during the last quarter. 76.37% of the stock is owned by 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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