Dell Technologies (NYSE:DELL) Trading 3.6% Higher - Time to Buy?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) was up 3.6% on Monday . The company traded as high as $117.16 and last traded at $114.28. Approximately 16,936,393 shares were traded during mid-day trading, an increase of 99% from the average daily volume of 8,505,613 shares. The stock had previously closed at $110.26.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DELL shares. Bank of America reduced their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday. Morgan Stanley reduced their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Citigroup reduced their target price 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. Barclays upped their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Finally, Mizuho reduced 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. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $145.65.

Dell Technologies Stock Performance

The stock's fifty day moving average price is $113.11 and its 200-day moving average price is $117.40. The company has a market capitalization of $84.05 billion, a P/E ratio of 21.20, a PEG ratio of 1.08 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its 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. The company had revenue of $24.37 billion for the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 EPS. On average, research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.48%. Dell Technologies's dividend payout ratio is currently 31.45%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock valued at $115,564,106 in the last three months. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DELL. Creative Planning grew its position in shares of Dell Technologies by 16.8% during the 3rd quarter. Creative Planning now owns 98,961 shares of the technology company's stock worth $11,435,000 after purchasing an additional 14,217 shares in the last quarter. Optimist Retirement Group LLC boosted its position in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after acquiring an additional 463 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Dell Technologies by 132.1% during the 3rd quarter. Blue Trust Inc. now owns 1,409 shares of the technology company's stock worth $167,000 after acquiring an additional 802 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of Dell Technologies by 19.2% during the 3rd quarter. OLD National Bancorp IN now owns 2,163 shares of the technology company's stock worth $256,000 after acquiring an additional 348 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Dell Technologies by 536.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 276,830 shares of the technology company's stock worth $32,815,000 after acquiring an additional 233,313 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

About Dell Technologies

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).