Dell Technologies (NYSE:DELL) Shares Up 4.2% - Still a Buy?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) rose 4.2% during trading on Monday . The stock traded as high as $113.75 and last traded at $114.14. Approximately 1,153,777 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 9,292,110 shares. The stock had previously closed at $109.56.

Wall Street Analysts Forecast Growth

DELL has been the subject of several analyst reports. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays raised their target price on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. raised their price target on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Trading Up 3.7%

The company has a market capitalization of $79.30 billion, a PE ratio of 20.08, a PEG ratio of 1.10 and a beta of 1.01. The stock has a fifty day moving average of $101.01 and a two-hundred day moving average of $105.15.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 earnings per share. Equities analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 453,321 shares of Dell Technologies stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $114.99, for a total value of $52,127,381.79. Following the transaction, the director now directly owns 877,339 shares of the company's stock, valued at $100,885,211.61. The trade was a 34.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,379,092 shares of company stock valued at $156,638,174 in the last ninety days. Company insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

A number of large investors have recently made changes to their positions in the business. First Hawaiian Bank grew its position in shares of Dell Technologies by 67.1% in the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company's stock worth $3,179,000 after buying an additional 14,010 shares during the last quarter. Strs Ohio bought a new stake in shares of Dell Technologies in the 1st quarter worth approximately $32,023,000. Ellsworth Advisors LLC grew its position in shares of Dell Technologies by 1.7% in the 1st quarter. Ellsworth Advisors LLC now owns 38,205 shares of the technology company's stock worth $3,482,000 after buying an additional 641 shares during the last quarter. Jacobi Capital Management LLC boosted its position in shares of Dell Technologies by 40.5% during the first quarter. Jacobi Capital Management LLC now owns 4,156 shares of the technology company's stock valued at $379,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Advisors Capital Management LLC bought a new stake in shares of Dell Technologies during the first quarter valued at approximately $9,391,000. 76.37% of the stock is currently owned by institutional investors.

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).