Dell Technologies (NYSE:DELL) Stock Price Up 5.1% - Here's Why

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

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of analyst reports. Mizuho lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. Citigroup cut their price target on Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. Finally, Barclays upped their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.06.

Dell Technologies Stock Performance

The stock has a market capitalization of $81.38 billion, a PE ratio of 20.54, a PEG ratio of 1.16 and a beta of 0.92. The company's 50-day moving average price is $121.92 and its 200 day moving average price is $119.70.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. During the same period last year, the company posted $1.62 EPS. Dell Technologies's revenue was up 9.5% on a year-over-year basis. Analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's payout ratio is 31.45%.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 810,657 shares of the company's stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,573,009 in the last ninety days. Insiders own 46.70% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds have recently bought and sold shares of the business. Burns J W & Co. Inc. NY purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $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 shares of 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. Woodmont Investment Counsel LLC purchased a new stake in shares of Dell Technologies in the third quarter worth approximately $5,780,000. Finally, Sky Investment Group LLC purchased a new stake in Dell Technologies in the fourth quarter worth $1,687,000. 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).

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