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

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

Analyst Ratings Changes

A number of research firms have commented on DELL. Morgan Stanley lifted 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. Mizuho lifted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. TD Cowen boosted their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Raymond James raised their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Finally, UBS Group lowered 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, May 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Performance

The stock has a market cap of $79.39 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.10 and a beta of 1.01. The company's 50 day simple moving average is $96.35 and its 200 day simple moving average is $106.63.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS 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 company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the prior year, the business earned $1.27 EPS. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insider Activity at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction 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. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. This trade represents 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 90 days. 42.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of DELL. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies during the 1st quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies in the fourth quarter worth $26,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies during the first quarter valued at $26,000. Institutional investors and hedge funds 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).