Dell Technologies (NYSE:DELL) Trading 2% Higher - What's Next?

Key Points

• Dell Technologies' shares traded up 2% to $130.91, despite a significant decline in trading volume, down 90% from the average session.
• Analysts have shown confidence in Dell Technologies, with target price upgrades from firms like Morgan Stanley ($126) and Raymond James ($150), while 16 analysts currently have a buy rating on the stock.
• The company reported earnings of $1.55 per share, missing estimates, but had a revenue of $23.38 billion, exceeding expectations BY 5.1% compared to the previous year.
• Dell Technologies announced a quarterly dividend of $0.525 per share, translating to an annual yield of 1.60%, with the payout ratio currently at 33.49%.

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) traded up 2% during trading on Friday . The company traded as high as $130.31 and last traded at $130.91. 716,064 shares were traded during mid-day trading, a decline of 90% from the average session volume of 7,407,712 shares. The stock had previously closed at $128.35.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. UBS Group cut their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Mizuho upped their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. KeyCorp assumed coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Finally, Raymond James Financial upped their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Trading Up 2.5%

The firm has a market cap of $89.32 billion, a PE ratio of 21.00, a P/E/G ratio of 1.03 and a beta of 1.02. The company's 50-day moving average is $118.84 and its 200 day moving average is $106.22.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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 analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 EPS. On average, research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 6,000 shares of Dell Technologies 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 sale, the chief accounting officer owned 18,948 shares of the company's stock, valued at $2,392,942.92. This trade represents a 24.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the sale, the director directly owned 980,295 shares of the company's stock, valued at $125,046,430.20. This trade represents a 37.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,917,063 shares of company stock worth $1,573,509,812. 42.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after purchasing an additional 901 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at $237,000. Thrivent Financial for Lutherans raised its holdings in shares of Dell Technologies by 6.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 14,868 shares of the technology company's stock valued at $1,713,000 after purchasing an additional 860 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Dell Technologies by 6.3% during the 4th quarter. American Century Companies Inc. now owns 26,199 shares of the technology company's stock valued at $3,019,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Corebridge Financial Inc. raised its holdings in shares of Dell Technologies by 36.9% during the 4th quarter. Corebridge Financial Inc. now owns 96,223 shares of the technology company's stock valued at $11,089,000 after purchasing an additional 25,949 shares in the last quarter. 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).

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