Dell Technologies (NYSE:DELL) Shares Up 3.3% After Analyst Upgrade

Dell Technologies Inc. (NYSE:DELL - Get Free Report) traded up 3.3% on Monday after Wells Fargo & Company raised their price target on the stock from $140.00 to $160.00. Wells Fargo & Company currently has an overweight rating on the stock. Dell Technologies traded as high as $136.47 and last traded at $136.04. 1,932,444 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 10,045,463 shares. The stock had previously closed at $131.64.

Other equities research analysts have also recently issued research reports about the company. Mizuho assumed coverage on Dell Technologies in a research note on Tuesday, September 17th. They set an "outperform" rating and a $135.00 target price for the company. Citigroup boosted 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. TD Cowen reduced their price objective on Dell Technologies from $155.00 to $128.00 and set a "hold" rating for the company in a research note on Friday, August 30th. Raymond James reduced their price objective on Dell Technologies from $166.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, August 30th. Finally, Sanford C. Bernstein reduced their price objective on Dell Technologies from $155.00 to $140.00 and set an "outperform" rating for the company in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $145.88.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the company's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now owns 18,350,822 shares of the company's stock, valued at approximately $1,957,665,690.96. This represents a 9.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William F. Scannell sold 42,595 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares in the company, valued at $8,593,017.27. This trade represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236 over the last quarter. Company insiders own 46.70% of the company's stock.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the second quarter valued at $28,000. Clean Yield Group purchased a new position in Dell Technologies during the third quarter worth about $25,000. Nemes Rush Group LLC purchased a new position in Dell Technologies during the second quarter worth about $33,000. Crewe Advisors LLC purchased a new position in Dell Technologies during the second quarter worth about $34,000. Finally, New Covenant Trust Company N.A. purchased a new position in Dell Technologies during the first quarter worth about $30,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

The company has a 50-day moving average of $123.03 and a two-hundred day moving average of $126.46. The stock has a market capitalization of $95.53 billion, a PE ratio of 25.04, a P/E/G ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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 the consensus estimate 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.44 EPS. On average, research analysts forecast that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.31%. Dell Technologies's dividend payout ratio (DPR) is 32.72%.

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).

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