Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price rose 2% during mid-day trading on Wednesday . The stock traded as high as $139.38 and last traded at $136.10. Approximately 3,955,558 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 10,202,698 shares. The stock had previously closed at $133.46.
Several equities research analysts have recently commented on DELL shares. TD Cowen reduced their price target on shares of Dell Technologies from $155.00 to $128.00 and set a "hold" rating for the company in a report on Friday, August 30th. Bank of America boosted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a "buy" rating in a report on Friday, August 30th. Citigroup boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 30th. Mizuho started coverage on shares of Dell Technologies in a report on Tuesday, September 17th. They issued an "outperform" rating and a $135.00 price target for the company. Finally, UBS Group reduced their price target on shares of Dell Technologies from $164.00 to $158.00 and set a "buy" rating for the company in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $143.50.
Get Our Latest Stock Analysis on Dell Technologies
The firm has a market cap of $97.14 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89. The stock's 50 day simple moving average is $119.49 and its 200-day simple moving average is $125.78.
Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the prior year, the business posted $1.44 EPS. Dell Technologies's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts expect that Dell Technologies Inc. will post 6.91 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies's dividend payout ratio (DPR) is currently 32.72%.
In related news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the sale, the chief executive officer now directly owns 16,912,241 shares of the company's stock, valued at approximately $2,070,058,298.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares of the company's stock, valued at $2,060,873,016.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the transaction, the chief executive officer now directly owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,953,387 shares of company stock valued at $2,113,353,236 in the last ninety days. Insiders own 46.70% of the company's stock.
A number of hedge funds have recently modified their holdings of the business. Mutual of America Capital Management LLC raised its position in shares of Dell Technologies by 910.1% in the third quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company's stock valued at $4,193,000 after buying an additional 31,873 shares during the last quarter. Beaton Management Co. Inc. increased its position in Dell Technologies by 31.2% during the third quarter. Beaton Management Co. Inc. now owns 2,075 shares of the technology company's stock worth $246,000 after purchasing an additional 493 shares during the last quarter. Natixis Advisors LLC increased its position in Dell Technologies by 7.3% during the third quarter. Natixis Advisors LLC now owns 143,063 shares of the technology company's stock worth $16,959,000 after purchasing an additional 9,782 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Dell Technologies during the third quarter worth about $1,010,000. Finally, Kentucky Retirement Systems acquired a new stake in Dell Technologies during the third quarter worth about $2,376,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.
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).
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