Dell Technologies (NYSE:DELL) Trading 3.2% Higher

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares shot up 3.2% during trading on Monday . The stock traded as high as $121.91 and last traded at $121.55. 1,210,273 shares changed hands during trading, a decline of 83% from the average session volume of 7,179,246 shares. The stock had previously closed at $117.76.

Analyst Upgrades and Downgrades

Several research firms have commented on DELL. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $90.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. Loop Capital assumed coverage on Dell Technologies in a research note on Wednesday, February 28th. They set a "buy" rating and a $125.00 target price for the company. UBS Group increased their target price on Dell Technologies from $99.00 to $113.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. TD Cowen increased their target price on Dell Technologies from $75.00 to $105.00 and gave the stock a "market perform" rating in a research note on Friday, March 1st. Finally, Wells Fargo & Company increased their target price on Dell Technologies from $85.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.88.

Dell Technologies Stock Up 0.0 %

The firm has a fifty day moving average price of $106.22 and a 200-day moving average price of $85.06. The firm has a market cap of $84.09 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.49 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business had revenue of $22.32 billion for the quarter, compared to analysts' expectations of $22.17 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The business's revenue was down 10.9% on a year-over-year basis. Equities research analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a $0.445 dividend. This is a positive change from Dell Technologies's previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Monday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.87%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total value of $250,613,593.32. Following the transaction, the director now directly owns 293,812 shares of the company's stock, valued at approximately $23,155,323.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Iv (Gp) L.L.C. Slta sold 3,179,972 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $78.81, for a total value of $250,613,593.32. Following the transaction, the director now directly owns 293,812 shares of the company's stock, valued at approximately $23,155,323.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer D. Saavedra sold 18,260 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now directly owns 206,961 shares in the company, valued at $24,856,016.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,562,176 shares of company stock valued at $969,065,630. 48.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Signet Financial Management LLC raised its position in Dell Technologies by 2.3% in the first quarter. Signet Financial Management LLC now owns 41,204 shares of the technology company's stock valued at $4,702,000 after purchasing an additional 909 shares during the period. Atlas Capital Advisors LLC increased its position in shares of Dell Technologies by 30.4% during the first quarter. Atlas Capital Advisors LLC now owns 17,202 shares of the technology company's stock worth $1,963,000 after acquiring an additional 4,012 shares during the last quarter. Lpwm LLC purchased a new stake in shares of Dell Technologies during the first quarter worth about $394,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Dell Technologies during the first quarter worth about $763,000. Finally, West Paces Advisors Inc. increased its position in shares of Dell Technologies by 2,135.7% during the first quarter. West Paces Advisors Inc. now owns 3,443 shares of the technology company's stock worth $393,000 after acquiring an additional 3,289 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other 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).