Dell Technologies (NYSE:DELL) Sets New 12-Month High at $105.10

Dell Technologies Inc. (NYSE:DELL)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $105.10 and last traded at $102.93, with a volume of 167287 shares changing hands. The stock had previously closed at $99.27.

DELL has been the subject of a number of recent analyst reports. Citigroup initiated coverage on shares of Dell Technologies in a research report on Friday, September 17th. They issued a “buy” rating for the company. OTR Global upgraded shares of Dell Technologies from a “mixed” rating to a “positive” rating in a research report on Thursday, August 5th. Evercore ISI assumed coverage on shares of Dell Technologies in a research report on Friday, August 20th. They set a “buy” rating and a $110.00 price target for the company. Raymond James lifted their price target on shares of Dell Technologies from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday. Finally, UBS Group lifted their price target on shares of Dell Technologies from $113.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, August 27th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Buy” and an average price target of $106.47.

The stock has a market capitalization of $79.48 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 3.74, a quick ratio of 0.71 and a current ratio of 0.79. The company has a 50-day moving average of $98.14 and a 200-day moving average of $97.15.

Dell Technologies (NYSE:DELL) last released its earnings results on Wednesday, August 25th. The technology company reported $2.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.21. The firm had revenue of $26.12 billion during the quarter, compared to analysts’ expectations of $25.55 billion. Dell Technologies had a net margin of 3.77% and a return on equity of 88.70%. Dell Technologies’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 EPS. As a group, analysts expect that Dell Technologies Inc. will post 8.51 earnings per share for the current year.

In other news, CFO Thomas W. Sweet sold 281,818 shares of the business’s stock in a transaction on Friday, September 10th. The shares were sold at an average price of $95.43, for a total transaction of $26,893,891.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas W. Sweet sold 200,000 shares of the business’s stock in a transaction on Monday, July 26th. The shares were sold at an average price of $96.56, for a total transaction of $19,312,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,958,955 shares of company stock valued at $193,691,190 over the last ninety days. 47.00% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp acquired a new position in shares of Dell Technologies during the 1st quarter valued at $27,000. JTC Employer Solutions Trusteee Ltd acquired a new position in shares of Dell Technologies during the 2nd quarter valued at $29,000. Highlander Capital Management LLC lifted its holdings in shares of Dell Technologies by 3,000.0% during the 2nd quarter. Highlander Capital Management LLC now owns 310 shares of the technology company’s stock valued at $31,000 after acquiring an additional 300 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Dell Technologies by 172.3% during the 1st quarter. Bessemer Group Inc. now owns 580 shares of the technology company’s stock valued at $51,000 after acquiring an additional 367 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new position in shares of Dell Technologies during the 2nd quarter valued at $59,000. Institutional investors and hedge funds own 30.04% of the company’s stock.

About Dell Technologies (NYSE:DELL)

Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.

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