Share price of Dell Technologies (NYSE:DELL) rose 1.1%

Shares of Dell Technologies Inc. (NYSE:DELL – Get Your Free Report ) rose 1.1% on Wednesday. The stock traded as high as $119.64 and last traded at $118.65. 2,253,218 shares traded hands during trading, down 79% from the session’s average volume of 10,666,006 shares. Shares previously closed at $117.31.

The Wall Street analyst weighs in

Several research firms recently weighed in on DELL. Citigroup upped their target price on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company dropped their price objective on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their target price on Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Finally, UBS Group cut their price target on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $139.19, according to MarketBeat .

Read our latest report on DELL

Dell Technologies stock rose 1.6%

The company has a 50 day simple moving average of $110.57 and a two hundred day simple moving average of $124.34. The company has a market cap of $83.74 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.25 and a beta of 0.90.

Dell Technologies (NYSE:DELL – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue for the quarter was up 9.1% year-over-year. In the same period last year, the company posted earnings per share of $1.44. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.9 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22. This represents an annualized dividend of $1.78 and a yield of 1.49%. Dell Technologies’ dividend payout ratio is 36.33%.

Insider work at Dell Technologies

In related news, Director V (Gp) LLC Slta sold 8,493 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the transaction, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, Director V (Gp) SRL Slta sold 8,493 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the transaction, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The disclosure for this sale can be found here. Insiders sold 9,007,047 shares of the company worth $1,041,595,745 in the last three months. Company insiders own 46.70% of the company’s shares.

Institutional inputs and outputs

Several large investors have recently bought and sold shares of DELL. GPS Wealth Strategies Group LLC boosted its holdings in Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. JP Marvel Investment Advisors LLC boosted its stake in shares of Dell Technologies by 0.9% in the 1st quarter. JP Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after purchasing an additional 98 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Dell Technologies by 2.2% in the second quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock worth $635,000 after purchasing an additional 100 shares in the last quarter. Finally, Front Row Advisors LLC boosted its stake in shares of Dell Technologies by 35.8% during the 2nd quarter. Front Row Advisors LLC now owns 391 shares of the technology company’s stock worth $54,000. after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s shares.

Dell Technologies Company Profile

(Get a free report)

Dell Technologies Inc designs, develops, manufactures, markets, sells and supports various complete 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).

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