Dell Technologies (NYSE:DELL) Stock Price Up 1.8% - Here's Why

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

Analyst Ratings Changes

Several analysts recently issued reports on DELL shares. Morgan Stanley upped their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Wells Fargo & Company cut their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Mizuho increased their price target 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. Finally, Wall Street Zen raised shares of Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Performance

The company's fifty day simple moving average is $103.80 and its two-hundred day simple moving average is $104.91. The stock has a market capitalization of $80.19 billion, a P/E ratio of 18.84, a PEG ratio of 1.10 and a beta of 1.01.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Insider Transactions at Dell Technologies

In other news, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the transaction, the insider now directly owns 56,429 shares of the company's stock, valued at approximately $6,682,322.18. This trade represents a 61.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the sale, the director now owns 938,741 shares of the company's stock, valued at approximately $105,918,147.03. This trade represents a 35.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,470,322 shares of company stock valued at $167,441,630. 42.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after buying an additional 1,145,658 shares in the last quarter. Capital World Investors boosted its holdings in shares of Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after acquiring an additional 72,271 shares in the last quarter. Geode Capital Management LLC grew its position in Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after acquiring an additional 552,213 shares during the last quarter. Boston Partners increased its holdings in Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Finally, Deutsche Bank AG raised its position in Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

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).