Dell Technologies Target of Unusually Large Options Trading (NYSE:DELL)

Dell Technologies Inc. (NYSE:DELL - Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors purchased 76,651 call options on the company. This represents an increase of approximately 26% compared to the average daily volume of 60,997 call options.

Dell Technologies Price Performance

Shares of NYSE:DELL traded down $0.86 during trading on Thursday, reaching $114.26. 5,855,667 shares of the company were exchanged, compared to its average volume of 7,623,015. The firm has a market capitalization of $80.04 billion, a PE ratio of 20.19, a P/E/G ratio of 1.18 and a beta of 0.92. The business's fifty day simple moving average is $121.53 and its 200-day simple moving average is $119.67. Dell Technologies has a 12-month low of $80.49 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. On average, sell-side analysts anticipate that Dell Technologies will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies's payout ratio is 31.45%.

Analysts Set New Price Targets

Several research analysts have commented on DELL shares. Morgan Stanley increased their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Melius Research increased their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Barclays increased their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Citigroup lowered their price target on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a report on Wednesday, November 27th. Finally, Mizuho lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $148.06.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company's stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares of the company's stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 945,407 shares of company stock worth $115,573,009. Corporate insiders own 46.70% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors have recently bought and sold shares of the business. State Street Corp increased its holdings in Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the period. Geode Capital Management LLC increased its holdings in Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock valued at $746,596,000 after buying an additional 2,641,456 shares during the period. International Assets Investment Management LLC grew its holdings in Dell Technologies by 19,376.1% in the third quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock worth $287,779,000 after purchasing an additional 2,415,234 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock worth $254,479,000 after purchasing an additional 699,204 shares during the last quarter. Finally, Swedbank AB grew its holdings in Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the last quarter. 76.37% 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).