Dell Technologies (NYSE:DELL) Stock Price Up 4.1% – What’s Next?

Dell Technologies Inc. (NYSE:DELL) shares shot up 4.1% on Tuesday . The company traded as high as $120.92 and last traded at $119.05. 6,051,484 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 8,267,519 shares. The stock had previously closed at $114.38.

Wall Street Analyst Weigh In

DELL has been the topic of several research reports. Bank of America decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Citigroup cut their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Mizuho lowered their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.65.

Dell Technologies Stock Performance

The business has a 50 day moving average price of $113.11 and a 200-day moving average price of $117.40. The company has a market capitalization of $84.05 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 1.08 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 EPS. As a group, equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.48%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares of the company’s stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 945,407 shares of company stock worth $115,564,106. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. State Street Corp lifted its stake in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Capital World Investors boosted its holdings in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after acquiring an additional 72,271 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after acquiring an additional 552,213 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Dell Technologies during the fourth quarter valued at about $455,029,000. Institutional investors own 76.37% of the company’s stock.

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).