Stock Traders Purchase High Volume of Dell Technologies Call Options (NYSE:DELL)

Dell Technologies Inc. (NYSE:DELL - Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock traders bought 76,651 call options on the stock. This represents an increase of 26% compared to the average volume of 60,997 call options.

Insider Activity

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company's 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the transaction, the director now owns 23,680 shares of the company's stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock worth $115,573,009 over the last ninety days. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Several hedge funds have recently added to or reduced their stakes in DELL. Clean Yield Group purchased a new position in shares of Dell Technologies during the 3rd quarter worth $25,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies in the 2nd quarter valued at about $33,000. True Wealth Design LLC raised its holdings in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. Kimelman & Baird LLC bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $37,000. Finally, MCF Advisors LLC increased its stake in Dell Technologies by 132.0% during the 3rd quarter. MCF Advisors LLC now owns 290 shares of the technology company's stock valued at $34,000 after purchasing an additional 165 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Up 3.8 %

Shares of NYSE:DELL traded up $4.26 during midday trading on Wednesday, hitting $115.37. The stock had a trading volume of 9,136,779 shares, compared to its average volume of 7,454,418. The company has a market capitalization of $80.81 billion, a P/E ratio of 20.39, a price-to-earnings-growth 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 has a fifty-two week low of $80.49 and a fifty-two week high of $179.70.

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 (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The business's revenue was up 9.5% on a year-over-year basis. Research analysts expect that Dell Technologies will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's dividend payout ratio is currently 31.45%.

Analysts Set New Price Targets

DELL has been the topic of a number of recent analyst reports. Evercore ISI restated an "outperform" rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. 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. Barclays increased their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a report on Monday, December 2nd. Finally, Mizuho lowered their target price 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. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $148.06.

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).

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