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

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price shot up 1% during mid-day trading on Thursday . The company traded as high as $113.95 and last traded at $113.86. 916,604 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 9,560,141 shares. The stock had previously closed at $112.70.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Loop Capital cut their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Barclays lifted their target price 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. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, The Goldman Sachs Group dropped their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

The firm has a market cap of $79.39 billion, a PE ratio of 20.10, a PEG ratio of 1.10 and a beta of 1.01. The business has a 50-day moving average price of $96.79 and a two-hundred day moving average price of $106.29.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter in the prior year, the business earned $1.27 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction dated Tuesday, June 3rd. The stock was 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 owns 79,928 shares in the company, valued at approximately $8,697,764.96. This trade represents a 46.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,091 shares of company stock worth $8,608,142 over the last 90 days. 42.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter valued at about $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies in the 1st quarter valued at about $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies in the 1st quarter valued at about $26,000. 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).