Dell Technologies (NYSE:DELL) Trading 1.1% Higher

Dell Technologies Inc. (NYSE:DELL)’s stock price traded up 1.1% during mid-day trading on Wednesday . The stock traded as high as $119.62 and last traded at $118.15. 3,103,499 shares changed hands during trading, a decline of 70% from the average session volume of 10,346,639 shares. The stock had previously closed at $116.82.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DELL shares. Barclays upped their target price on Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Mizuho began coverage on Dell Technologies in a research note on Tuesday. They issued an “outperform” rating and a $135.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Bank of America raised their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Evercore ISI reissued an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.71.

Dell Technologies Stock Up 0.4 %

The company has a market cap of $83.16 billion, a PE ratio of 24.11, a P/E/G ratio of 1.15 and a beta of 0.90. The business has a 50-day simple moving average of $112.79 and a 200-day simple moving average of $124.39.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same quarter last year, the business posted $1.44 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts forecast that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction dated 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 sale, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the sale, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 1,032,968 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $113.67, for a total transaction of $117,417,472.56. Following the completion of the sale, the chief executive officer now directly owns 13,094,517 shares of the company’s stock, valued at approximately $1,488,453,747.39. The disclosure for this sale can be found here. Insiders sold 6,140,496 shares of company stock worth $722,588,749 over the last three months. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of DELL. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV lifted its stake in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at $33,000. Crewe Advisors LLC purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at $34,000. Finally, New Covenant Trust Company N.A. acquired a new position in Dell Technologies during the 1st quarter worth about $30,000. 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).