Dell Technologies (NYSE:DELL) Stock Price Up 1% - Here's Why

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price traded up 1% on Wednesday . The company traded as high as $114.25 and last traded at $113.04. 1,600,520 shares were traded during trading, a decline of 80% from the average session volume of 8,105,685 shares. The stock had previously closed at $111.90.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Citigroup increased their target price 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. Bank of America cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Morgan Stanley raised their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Performance

The company's 50-day moving average price is $95.93 and its two-hundred day moving average price is $106.80. The stock has a market cap of $78.02 billion, a PE ratio of 19.75, a PEG ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 EPS. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, 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 transaction, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,091 shares of company stock valued at $8,608,142 over the last three months. Insiders own 42.00% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of DELL. Norges Bank purchased a new position in shares of Dell Technologies during the fourth quarter valued at about $455,029,000. Vanguard Group Inc. increased its position in shares of Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after buying an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation purchased a new position in shares of Dell Technologies during the fourth quarter valued at about $265,052,000. Janus Henderson Group PLC increased its position in shares of Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after buying an additional 1,865,013 shares during the period. Finally, Boston Partners boosted its stake in Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after acquiring an additional 1,312,600 shares in the last quarter. Hedge funds and other 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).