Dell Technologies (NYSE:DELL) Trading Up 1.9% - Here's What Happened

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price rose 1.9% on Wednesday . The stock traded as high as $123.80 and last traded at $123.98. Approximately 1,303,007 shares traded hands during trading, a decline of 85% from the average daily volume of 8,748,588 shares. The stock had previously closed at $121.73.

Analyst Ratings Changes

DELL has been the subject of several analyst reports. Raymond James Financial lifted their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. KeyCorp started coverage on shares of Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating for the company. UBS Group cut their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Citigroup raised their price target on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Barclays upped their price objective on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Five 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Performance

The firm's fifty day simple moving average is $109.75 and its 200 day simple moving average is $105.24. The stock has a market capitalization of $84.89 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.12 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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). The company 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 was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 earnings per share. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.68%. Dell Technologies's dividend payout ratio is currently 33.49%.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 2,900 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $120.00, for a total transaction of $348,000.00. Following the completion of the transaction, the director owned 23,680 shares in the company, valued at approximately $2,841,600. This represents a 10.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 6,000 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the transaction, the chief accounting officer directly owned 18,948 shares of the company's stock, valued at approximately $2,392,942.92. This trade represents a 24.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,113,977 shares of company stock worth $1,471,321,229 in the last 90 days. Company insiders own 42.00% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently modified their holdings of the business. Exchange Traded Concepts LLC boosted its position in Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after purchasing an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after purchasing an additional 809 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Dell Technologies by 79.4% in the 4th quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock valued at $1,312,000 after buying an additional 5,040 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after buying an additional 552,213 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Dell Technologies by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock worth $5,417,000 after acquiring an additional 4,977 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).