Dell Technologies (NYSE:DELL) Trading 0.2% Higher

Dell Technologies Inc. (NYSE:DELL)’s share price rose 0.2% during mid-day trading on Friday . The stock traded as high as $141.52 and last traded at $140.99. Approximately 2,278,859 shares changed hands during trading, a decline of 77% from the average daily volume of 9,990,472 shares. The stock had previously closed at $140.72.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DELL shares. Sanford C. Bernstein lifted their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Evercore ISI restated an “outperform” rating and issued a $165.00 target price on shares of Dell Technologies in a report on Monday, July 1st. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Morgan Stanley reissued an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a research report on Monday, June 17th. Finally, Wells Fargo & Company upped their price objective 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Trading Down 0.4 %

The company has a market capitalization of $99.37 billion, a P/E ratio of 28.77, a PEG ratio of 1.80 and a beta of 0.92. The stock has a 50 day moving average price of $142.19 and a 200 day moving average price of $114.40.

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 the consensus estimate of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. On average, research analysts predict that Dell Technologies Inc. will post 6.85 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders 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 1.27%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of Dell Technologies stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the transaction, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of Dell Technologies stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the completion of the sale, the director now directly owns 770,369 shares in the company, valued at approximately $111,456,986.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,015,863 shares of company stock worth $957,413,025. Insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after purchasing an additional 647,192 shares during the last quarter. Boston Partners boosted its stake in shares of Dell Technologies by 2.1% in the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after acquiring an additional 197,435 shares during the period. Capital World Investors bought a new position in shares of Dell Technologies in the first quarter worth about $835,946,000. Point72 Asset Management L.P. boosted its stake in shares of Dell Technologies by 14.8% in the fourth quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after acquiring an additional 520,677 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after acquiring an additional 3,038,891 shares during the period. 38.10% of the stock is 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).