Dell Technologies (NYSE:DELL) Shares Up 1.6%

Shares of Dell Technologies Inc. (NYSE:DELL) shot up 1.6% on Monday . The stock traded as high as $140.23 and last traded at $140.13. 4,457,756 shares changed hands during trading, a decline of 55% from the average session volume of 9,999,198 shares. The stock had previously closed at $137.91.

Analyst Ratings Changes

Several brokerages have weighed in on DELL. TD Cowen increased their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. Wells Fargo & Company increased their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 31st. Sanford C. Bernstein increased their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Loop Capital increased their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Citigroup increased their price target on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

Dell Technologies Price Performance

The firm has a market capitalization of $101.80 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92. The business’s 50-day moving average price is $138.97 and its 200-day moving average price is $111.05.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The business had revenue of $22.24 billion for the quarter, compared to analyst estimates of $21.70 billion. Equities analysts forecast that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be given 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 yield of 1.24%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares in the company, valued at approximately $11,544,846.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the transaction, the director now owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,140,245 shares of company stock worth $829,165,177 in the last three months. Insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in shares of Dell Technologies by 27.2% during the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after buying an additional 58,590 shares in the last quarter. Nordea Investment Management AB lifted its stake in Dell Technologies by 158.3% during the fourth quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after purchasing an additional 142,337 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Dell Technologies by 171.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 10,350 shares during the last quarter. Aigen Investment Management LP bought a new position in Dell Technologies during the fourth quarter worth $410,000. Finally, Assenagon Asset Management S.A. lifted its stake in Dell Technologies by 1,475.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after purchasing an additional 272,144 shares during the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

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).