Dell Technologies (NYSE:DELL) Stock Price Up 1.3% - Here's Why

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares shot up 1.3% on Friday . The company traded as high as $126.18 and last traded at $125.05. 3,725,609 shares changed hands during trading, a decline of 57% from the average session volume of 8,724,460 shares. The stock had previously closed at $123.48.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. TD Cowen lifted their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Citigroup increased their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Barclays raised their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Finally, KeyCorp assumed coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Performance

The stock has a market cap of $84.89 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.14 and a beta of 1.02. The firm has a 50 day moving average of $110.36 and a two-hundred day moving average of $105.28.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion during 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 company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders 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 dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total value of $78,875,000.00. Following the completion of the transaction, the director owned 960,050 shares of the company's stock, valued at $121,158,310. This represents a 39.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total value of $1,285,244.73. Following the completion of the transaction, the director owned 938,741 shares of the company's stock, valued at $112,958,704.53. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,113,977 shares of company stock valued at $1,471,321,229 over the last quarter. Company insiders own 42.00% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in DELL. Collective Family Office LLC raised its position in Dell Technologies by 12.0% in the second quarter. Collective Family Office LLC now owns 3,081 shares of the technology company's stock worth $378,000 after purchasing an additional 331 shares in the last quarter. Fiduciary Financial Group LLC grew its stake in shares of Dell Technologies by 6.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 3,526 shares of the technology company's stock valued at $429,000 after purchasing an additional 206 shares during the period. HBW Advisory Services LLC acquired a new position in shares of Dell Technologies in the 2nd quarter worth approximately $222,000. Central Pacific Bank Trust Division bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $29,000. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new stake in Dell Technologies in the 1st quarter valued at $1,228,000. 76.37% of the stock is 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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