Dell Technologies (NYSE:DELL) Shares Up 4.1% - Here's Why

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares were up 4.1% during trading on Tuesday . The stock traded as high as $120.92 and last traded at $119.05. Approximately 6,051,484 shares were traded during trading, a decline of 27% from the average daily volume of 8,267,519 shares. The stock had previously closed at $114.38.

Analysts Set New Price Targets

Several analysts have commented on DELL shares. Morgan Stanley reduced their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company upped their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Finally, OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $145.00.

Dell Technologies Trading Down 1.9 %

The business has a 50 day moving average of $113.12 and a 200-day moving average of $117.42. The stock has a market cap of $82.41 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90.

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

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies's dividend payout ratio is presently 31.45%.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the transaction, the chief financial officer now directly owns 228,419 shares in the company, valued at $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 937,407 shares of company stock valued at $114,418,186 in the last quarter. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

Several large investors have recently added to or reduced their stakes in DELL. State Street Corp increased its holdings in Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Norges Bank acquired a new stake in Dell Technologies in the 4th quarter valued at $455,029,000. Vanguard Group Inc. increased its holdings in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock valued at $746,596,000 after purchasing an additional 2,641,456 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock valued at $287,779,000 after purchasing an additional 2,415,234 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).