Dell Technologies (NYSE:DELL) Trading Up 5.1% – Should You Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price was up 5.1% during mid-day trading on Wednesday . The company traded as high as $120.97 and last traded at $116.74. Approximately 6,345,847 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 7,227,128 shares. The stock had previously closed at $111.11.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DELL shares. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Barclays lifted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup decreased their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Melius Research upped their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company raised their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Down 0.5 %

The stock has a market capitalization of $79.61 billion, a P/E ratio of 20.08, a PEG ratio of 1.22 and a beta of 0.92. The company has a 50-day moving average price of $121.12 and a two-hundred day moving average price of $119.63.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the firm posted $1.62 EPS. Dell Technologies’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current 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 paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock worth $115,660,009 in the last ninety days. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Burns J W & Co. Inc. NY bought a new stake in shares of Dell Technologies in the 4th quarter worth approximately $1,272,000. iA Global Asset Management Inc. lifted its stake in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the last quarter. National Pension Service boosted its position in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after buying an additional 50,304 shares during the period. Sky Investment Group LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at about $1,687,000. Finally, Woodmont Investment Counsel LLC bought a new stake in shares of Dell Technologies in the 3rd quarter valued at about $5,780,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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).