Dell Technologies (NYSE:DELL) Trading Up 2.2%

Shares of Dell Technologies Inc. (NYSE:DELL) shot up 2.2% on Thursday . The company traded as high as $135.21 and last traded at $134.70. 5,600,331 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 9,123,523 shares. The stock had previously closed at $131.81.

Analyst Ratings Changes

DELL has been the topic of several research reports. Citigroup lifted their price target on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. The Goldman Sachs Group upped their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 4th. UBS Group upped their price target on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Wells Fargo & Company upped their price objective on Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Finally, Sanford C. Bernstein increased their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Price Performance

The company has a market capitalization of $96.30 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.67 and a beta of 0.85. The stock has a 50 day simple moving average of $134.03 and a two-hundred day simple moving average of $105.01.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s payout ratio is 36.33%.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 41,550 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the transaction, the chief executive officer now owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Michael S. Dell sold 41,550 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the transaction, the chief executive officer now owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,510,156 shares of company stock valued at $780,049,693. 46.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DELL. Vanguard Group Inc. grew its stake in Dell Technologies by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after acquiring an additional 647,192 shares during the period. Boston Partners grew its stake in shares of Dell Technologies by 2.1% during the 4th quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock valued at $733,564,000 after buying an additional 197,435 shares during the period. FMR LLC grew its stake in shares of Dell Technologies by 59.6% during the 3rd quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock valued at $646,053,000 after buying an additional 3,499,760 shares during the period. Capital World Investors purchased a new stake in shares of Dell Technologies during the 1st quarter valued at $835,946,000. Finally, Morgan Stanley grew its stake in shares of Dell Technologies by 96.9% during the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after buying an additional 2,472,866 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).