Dell Technologies (NYSE:DELL) Stock Price Up 2% - 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%.

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

Analyst Upgrades and Downgrades

DELL has been the topic of several recent analyst reports. Barclays lifted their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Citigroup boosted their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. UBS Group decreased 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. Finally, TD Cowen boosted their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Price Performance

The company has a market capitalization of $90.79 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.06 and a beta of 1.02. The stock has a 50-day moving average price of $119.18 and a 200-day moving average price of $106.10.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its 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 negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter last year, the business posted $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.57%. Dell Technologies's payout ratio is 33.49%.

Insider Buying and Selling

In related news, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the sale, the insider owned 56,429 shares of the company's stock, valued at $6,682,322.18. This trade represents a 61.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,917,063 shares of company stock worth $1,573,509,812. 42.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DELL. Brighton Jones LLC lifted its stake in shares of Dell Technologies by 42.7% in 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 during the period. Thrivent Financial for Lutherans lifted its stake in shares of Dell Technologies by 6.1% in 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 during the period. American Century Companies Inc. lifted its stake in shares of Dell Technologies by 6.3% in 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 during the period. Pictet Asset Management Holding SA lifted its stake in shares of Dell Technologies by 4.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 186,992 shares of the technology company's stock valued at $21,549,000 after purchasing an additional 7,217 shares during the period. Finally, Orion Portfolio Solutions LLC increased its position in Dell Technologies by 80.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 4,195 shares of the technology company's stock valued at $483,000 after buying an additional 1,876 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

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).