Dell Technologies (NYSE:DELL) Shares Gap Up to $149.15

Shares of Dell Technologies Inc. (NYSE:DELL) gapped up before the market opened on Thursday . The stock had previously closed at $149.15, but opened at $156.63. Dell Technologies shares last traded at $157.62, with a volume of 8,523,766 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DELL shares. TD Cowen increased their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a report on Friday, May 31st. Evercore ISI raised their price target on shares of Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Barclays decreased their price target on shares of Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 31st. Sanford C. Bernstein boosted their target price on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Finally, Citigroup raised their price target on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Trading Down 2.3 %

The company has a market capitalization of $103.59 billion, a PE ratio of 29.62, a PEG ratio of 1.85 and a beta of 0.85. The stock has a fifty day moving average of $136.39 and a two-hundred day moving average of $107.56.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. Dell Technologies’s payout ratio is 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 139,419 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the completion of the sale, the chief executive officer now directly owns 30,272,822 shares in the company, valued at $4,122,552,899.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at approximately $45,987,344.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 139,419 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the completion of the sale, the chief executive officer now directly owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,857,539 shares of company stock valued at $781,118,135. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

A number of institutional investors have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the last quarter. J.P. Marvel Investment Advisors LLC increased its stake in shares of Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after buying an additional 98 shares during the period. BSW Wealth Partners raised its holdings in shares of Dell Technologies by 0.7% during the first quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock valued at $1,913,000 after acquiring an additional 114 shares in the last quarter. Ascent Group LLC boosted its holdings in Dell Technologies by 1.6% in the first quarter. Ascent Group LLC now owns 7,820 shares of the technology company’s stock valued at $892,000 after acquiring an additional 120 shares in the last quarter. Finally, Greenleaf Trust increased its position in Dell Technologies by 1.2% during the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after purchasing an additional 122 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

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).