Dell Technologies (NYSE:DELL) Stock Price Up 5%

Dell Technologies Inc. (NYSE:DELLGet Free Report) shares shot up 5% during trading on Wednesday . The company traded as high as $154.14 and last traded at $149.15. 33,500,098 shares were traded during mid-day trading, an increase of 65% from the average session volume of 20,269,042 shares. The stock had previously closed at $142.03.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Loop Capital raised their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. The Goldman Sachs Group increased their price objective on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Citigroup lifted their target price on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, UBS Group raised their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.81.

Read Our Latest Analysis on DELL

Dell Technologies Stock Up 5.0 %

The company has a market cap of $106.46 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 1.76 and a beta of 0.85. The company has a fifty day moving average of $134.84 and a 200 day moving average of $106.44.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.19%. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Transactions at Dell Technologies

In related news, CEO Michael S. Dell sold 139,419 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the completion of the sale, the chief executive officer now directly owns 30,272,822 shares in the company, valued at $4,122,552,899.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the transaction, the director now owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 139,419 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the transaction, the chief executive officer now owns 30,272,822 shares of the company’s stock, valued at $4,122,552,899.96. The disclosure for this sale can be found here. Insiders have sold 6,876,742 shares of company stock worth $893,291,618 in the last quarter. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies in the fourth quarter valued at about $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in Dell Technologies by 58.2% in the 1st 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. Anchor Investment Management LLC bought a new position in Dell Technologies in the 4th quarter worth approximately $26,000. Pinnacle Bancorp Inc. grew its holdings in Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after buying an additional 188 shares in the last quarter. Finally, New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the first quarter worth $30,000. Institutional investors own 38.10% of the company’s stock.

About Dell Technologies

(Get Free Report)

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).

Further Reading

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