Dell Technologies (NYSE:DELL) Shares Up 0.4%

Shares of Dell Technologies Inc. (NYSE:DELL) shot up 0.4% during trading on Tuesday . The stock traded as high as $150.23 and last traded at $146.56. 5,502,783 shares traded hands during trading, a decline of 45% from the average session volume of 10,040,140 shares. The stock had previously closed at $145.97.

Analyst Upgrades and Downgrades

Several research firms recently commented on DELL. TD Cowen increased their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday, May 31st. Morgan Stanley reaffirmed an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a report on Monday, June 17th. Citigroup increased their price target on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Finally, Loop Capital increased their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Stock Performance

The company’s 50-day moving average price is $141.84 and its 200 day moving average price is $114.21. The stock has a market capitalization of $99.81 billion, a PE ratio of 29.12, a PEG ratio of 1.81 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Analysts expect that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be paid a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.26%. Dell Technologies’s payout ratio is 36.33%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the transaction, the director now directly owns 806,352 shares in the company, valued at approximately $108,986,536.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the transaction, the director now directly owns 806,352 shares in the company, valued at approximately $108,986,536.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David W. Dorman sold 75,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the sale, the director now owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The disclosure for this sale can be found here. Insiders sold a total of 7,015,863 shares of company stock worth $957,413,025 in the last three months. 46.70% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CHICAGO TRUST Co NA bought a new stake in Dell Technologies during the 2nd quarter valued at about $483,000. BDF Gestion bought a new stake in Dell Technologies during the 2nd quarter valued at about $2,281,000. Cadent Capital Advisors LLC bought a new stake in Dell Technologies during the 2nd quarter valued at about $633,000. U.S. Capital Wealth Advisors LLC grew its stake in shares of Dell Technologies by 23.0% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 15,412 shares of the technology company’s stock worth $2,126,000 after acquiring an additional 2,878 shares during the period. Finally, Avity Investment Management Inc. bought a new stake in shares of Dell Technologies in the second quarter worth approximately $509,000. 38.10% of the stock is currently owned by 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).