Dell Technologies Inc. (NYSE:DELL - Get Free Report) traded up 1% on Thursday . The company traded as high as $105.55 and last traded at $104.17. 2,078,468 shares were traded during mid-day trading, a decline of 75% from the average session volume of 8,177,444 shares. The stock had previously closed at $103.10.
Wall Street Analysts Forecast Growth
DELL has been the topic of several research analyst reports. Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Evercore ISI reiterated an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Citigroup decreased their target price on Dell Technologies from $160.00 to $156.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.06.
Check Out Our Latest Stock Analysis on DELL
Dell Technologies Trading Up 2.3 %
The firm has a 50-day moving average price of $118.81 and a 200-day moving average price of $118.40. The company has a market capitalization of $73.85 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.22 and a beta of 0.92.
Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.62 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.
Dell Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.69%. Dell Technologies's payout ratio is currently 31.45%.
Insider Transactions at Dell Technologies
In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now directly owns 777,347 shares in the company, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 946,132 shares of company stock valued at $115,660,009 over the last three months. 46.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Dell Technologies
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new stake in Dell Technologies during the second quarter valued at about $470,000. The Manufacturers Life Insurance Company boosted its stake in Dell Technologies by 9.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,559 shares of the technology company's stock valued at $3,111,000 after purchasing an additional 1,902 shares during the period. Creative Planning grew its holdings in Dell Technologies by 112.0% in the 2nd quarter. Creative Planning now owns 84,744 shares of the technology company's stock valued at $11,687,000 after buying an additional 44,763 shares during the last quarter. NewEdge Advisors LLC increased its position in Dell Technologies by 15.6% in the 2nd quarter. NewEdge Advisors LLC now owns 35,168 shares of the technology company's stock worth $4,850,000 after buying an additional 4,755 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of Dell Technologies by 84.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,370 shares of the technology company's stock worth $3,361,000 after buying an additional 11,145 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.
About Dell Technologies
(
Get Free Report)
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).
Further Reading
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