Dell Technologies (NYSE:DELL) Trading 2.1% Higher - Here's Why

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price shot up 2.1% during mid-day trading on Tuesday . The company traded as high as $115.05 and last traded at $114.50. 1,444,854 shares changed hands during trading, a decline of 86% from the average session volume of 10,208,630 shares. The stock had previously closed at $112.11.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DELL. Wells Fargo & Company lowered their price objective 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. Barclays lifted their target price on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday. 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 report on Monday, March 3rd. UBS Group reduced their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday. Finally, Citigroup lifted their target price on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Stock Down 2.1%

The company has a market cap of $77.61 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The company has a fifty day moving average of $94.75 and a 200 day moving average of $107.45.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the previous year, the firm earned $1.27 EPS. The business's revenue was up 5.1% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The stock was 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 of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently made changes to their positions in the business. Allen Capital Group LLC lifted its position in shares of Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after acquiring an additional 95 shares in the last quarter. Bogart Wealth LLC lifted its position in shares of Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after acquiring an additional 100 shares in the last quarter. Tortoise Investment Management LLC lifted its position in shares of Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after acquiring an additional 100 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its position in shares of Dell Technologies by 5.9% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after acquiring an additional 100 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of Dell Technologies by 3.3% in the fourth quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock valued at $379,000 after acquiring an additional 104 shares in the last quarter. 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).