Dell Technologies (NYSE:DELL) Trading Up 1.8% - Still a Buy?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares rose 1.8% during trading on Friday . The company traded as high as $119.69 and last traded at $118.69. Approximately 1,842,945 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 9,080,327 shares. The stock had previously closed at $116.56.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DELL shares. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. The Goldman Sachs Group reduced their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. UBS Group lowered their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Morgan Stanley lifted their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Barclays upped their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Up 2.2%

The stock has a market cap of $83.12 billion, a PE ratio of 19.02, a P/E/G ratio of 1.08 and a beta of 1.01. The business's fifty day moving average is $103.05 and its 200 day moving average is $105.24.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly 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). The firm had revenue of $23.38 billion during 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 business's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. As a group, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.76%. Dell Technologies's dividend payout ratio (DPR) is currently 33.49%.

Insider Buying and Selling at Dell Technologies

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the sale, the general counsel now directly owns 79,928 shares in the company, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,379,092 shares of company stock valued at $156,638,174 over the last quarter. Corporate insiders own 42.00% of the company's stock.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of DELL. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the 4th quarter valued at $26,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth $26,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).

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