Dell Technologies (NYSE:DELL) Stock Price Up 2.3% - Here's Why

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares shot up 2.3% during mid-day trading on Tuesday . The stock traded as high as $111.06 and last traded at $110.58. 2,181,442 shares changed hands during trading, a decline of 78% from the average session volume of 9,770,600 shares. The stock had previously closed at $108.08.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DELL. Mizuho raised their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Wells Fargo & Company lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Citigroup increased their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, TD Cowen boosted their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Stock Up 0.7%

The stock has a 50-day simple moving average of $95.93 and a 200 day simple moving average of $106.80. The company has a market cap of $78.65 billion, a PE ratio of 19.91, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter last year, the firm posted $1.27 earnings per share. The firm's quarterly revenue was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Brunilda Rios sold 926 shares of the firm'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. The trade was a 2.38% decrease in their position. The disclosure for this sale can be found here. 42.00% of the stock is owned by insiders.

Institutional Trading of Dell Technologies

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