Dell Technologies (NYSE:DELL) Shares Up 1% - Should You Buy?

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) were up 1% during trading on Thursday . The company traded as high as $129.09 and last traded at $128.53. Approximately 817,312 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 7,434,870 shares. The stock had previously closed at $127.22.

Wall Street Analysts Forecast Growth

DELL has been the subject of several research analyst reports. Mizuho boosted their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. Raymond James Financial boosted their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, May 30th. Citigroup boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $140.06.

Dell Technologies Trading Up 2.4%

The firm's 50 day moving average is $118.84 and its two-hundred day moving average is $106.22. The firm has a market cap of $89.21 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.27 earnings per share. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.60%. Dell Technologies's dividend payout ratio (DPR) is presently 33.49%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of the business's stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $123.50, for a total transaction of $751,621.00. Following the transaction, the director owned 986,261 shares in the company, valued at approximately $121,803,233.50. The trade was a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,917,063 shares of company stock valued at $1,573,509,812 over the last ninety days. Insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of the business. Bellwether Advisors LLC bought a new stake in Dell Technologies during the fourth quarter worth about $25,000. Smallwood Wealth Investment Management LLC bought a new stake in Dell Technologies during the first quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC bought a new stake in Dell Technologies during the first quarter worth about $27,000. Finally, Flaharty Asset Management LLC bought a new stake in Dell Technologies during the first quarter worth about $27,000. Institutional investors own 76.37% of the company's stock.

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).