Dell Technologies (NYSE:DELL) Stock Price Up 3.1% - Here's Why

Key Points

• Dell Technologies' stock increased by 3.1%, reaching a last trading price of $138.10, despite trading volume falling to 1,673,889 shares—a 77% decline from its average daily volume.
• Equities analysts have revised their price targets for Dell, with Bank of America raising its target from $155.00 to $165.00 and giving it a "buy" rating, while the consensus rating remains a "Moderate Buy" with an average target price of $140.06.
• The company announced a quarterly dividend of $0.525 per share, resulting in a 1.5% yield, and reported a revenue increase of 5.1% year-over-year despite missing EPS estimates.

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) were up 3.1% on Friday . The stock traded as high as $138.29 and last traded at $138.10. Approximately 1,673,889 shares were traded during trading, a decline of 77% from the average daily volume of 7,224,945 shares. The stock had previously closed at $133.93.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. 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 increased their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. UBS Group lowered their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $140.06.

Dell Technologies Stock Performance

The business's 50-day moving average is $122.09 and its two-hundred day moving average is $107.30. The firm has a market capitalization of $93.20 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 0.90 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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 business 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 company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.27 EPS. Analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were paid a $0.525 dividend. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.5%. Dell Technologies's payout ratio is presently 33.49%.

Insider Activity

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the transaction, the general counsel owned 79,928 shares in the company, valued at $8,697,764.96. This trade represents a 46.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, the chief executive officer owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,947,063 shares of company stock worth $1,577,559,812. 42.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently made changes to their positions in the stock. RWA Wealth Partners LLC raised its position in Dell Technologies by 1.0% in the second quarter. RWA Wealth Partners LLC now owns 8,953 shares of the technology company's stock valued at $1,098,000 after purchasing an additional 88 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in Dell Technologies by 3.1% during the 1st quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company's stock worth $274,000 after buying an additional 90 shares during the period. Vanguard Capital Wealth Advisors grew its holdings in Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after acquiring an additional 100 shares during the last quarter. Tradewinds Capital Management LLC increased its position in Dell Technologies by 4.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company's stock valued at $261,000 after acquiring an additional 100 shares during the period. Finally, Westside Investment Management Inc. lifted its holdings in shares of Dell Technologies by 84.7% during the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company's stock worth $27,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds 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).

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