Dell Technologies (NYSE:DELL) Shares Up 1% - Time to Buy?

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DELL shares. TD Cowen lifted their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a report on Friday, May 30th. Loop Capital decreased their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. The Goldman Sachs Group decreased their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Finally, UBS Group cut their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Up 1.7%

The firm's 50 day simple moving average is $96.79 and its 200 day simple moving average is $106.48. The company has a market cap of $79.39 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly 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 firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. 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 posted $1.27 EPS. Analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the sale, the general counsel now directly owns 79,928 shares in the company, valued at approximately $8,697,764.96. This trade represents a 46.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 79,091 shares of company stock worth $8,608,142 over the last three months. Corporate insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC lifted its position in shares of Dell Technologies by 7.7% in the 4th 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 4th 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 Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after buying an additional 100 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Dell Technologies by 3.3% during the 4th quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock valued at $379,000 after buying an additional 104 shares during the period. Finally, Center for Financial Planning Inc. boosted its stake in shares of Dell Technologies by 47.4% during the 4th quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock valued at $40,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

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).