Dell Technologies (NYSE:DELL) Stock Price Up 2.9%

Dell Technologies Inc. (NYSE:DELL) shares rose 2.9% during trading on Friday . The stock traded as high as $112.30 and last traded at $112.17. Approximately 1,799,482 shares were traded during trading, a decline of 82% from the average daily volume of 10,171,623 shares. The stock had previously closed at $108.98.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DELL. Citigroup lowered their price target on shares of Dell Technologies from $170.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Bank of America dropped their target price on Dell Technologies from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. TD Cowen boosted their price target on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. Barclays raised Dell Technologies from an “underweight” rating to an “equal weight” rating and set a $97.00 price objective for the company in a report on Tuesday, August 13th. Finally, Loop Capital boosted their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $129.38.

Dell Technologies Stock Up 2.8 %

The company has a market cap of $79.45 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The stock has a 50 day moving average price of $123.67 and a two-hundred day moving average price of $121.53.

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

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.59%. Dell Technologies’s payout ratio is presently 36.33%.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the sale, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Michael S. Dell sold 2,837,829 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $133.75, for a total transaction of $379,559,628.75. Following the sale, the chief executive officer now owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the transaction, the director now directly owns 731,612 shares in the company, valued at $116,172,669.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,058,131 shares of company stock worth $963,293,619. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently modified their holdings of the business. Jones Financial Companies Lllp bought a new stake in shares of Dell Technologies during the 4th quarter worth $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies during the 1st quarter valued at approximately $30,000. Finally, Nemes Rush Group LLC acquired a new position in Dell Technologies during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).