Dell Technologies (NYSE:DELL) Sees Large Volume Increase

Dell Technologies Inc. (NYSE:DELL) saw strong trading volume on Friday . 8,474,196 shares traded hands during trading, an increase of 19% from the previous session’s volume of 7,138,224 shares.The stock last traded at $164.03 and had previously closed at $153.57.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Sanford C. Bernstein raised their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday. Loop Capital initiated coverage on shares of Dell Technologies in a research report on Wednesday, February 28th. They set a “buy” rating and a $125.00 target price on the stock. TD Cowen increased their price target on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Morgan Stanley boosted their price objective on shares of Dell Technologies from $128.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. Finally, Barclays increased their target price on shares of Dell Technologies from $94.00 to $98.00 and gave the company an “underweight” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.00.

Dell Technologies Stock Up 7.1 %

The stock has a fifty day moving average of $124.87 and a two-hundred day moving average of $97.11. The stock has a market cap of $117.37 billion, a price-to-earnings ratio of 37.21, a PEG ratio of 2.31 and a beta of 0.87.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. Equities research analysts anticipate that Dell Technologies Inc. will post 6.74 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is currently 40.73%.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the sale, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the sale, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The disclosure for this sale can be found here. In the last three months, insiders sold 6,382,204 shares of company stock valued at $718,452,037. Company insiders own 48.60% of the company’s stock.

Institutional Trading of Dell Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV grew its position in shares of 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 acquiring an additional 82 shares in the last quarter. J.P. Marvel Investment Advisors LLC increased its stake in Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock valued at $1,242,000 after purchasing an additional 98 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of Dell Technologies by 0.7% during the first quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock worth $1,913,000 after purchasing an additional 114 shares during the period. Ascent Group LLC lifted its position in shares of Dell Technologies by 1.6% in the 1st quarter. Ascent Group LLC now owns 7,820 shares of the technology company’s stock worth $892,000 after buying an additional 120 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in shares of Dell Technologies by 1.2% in the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after buying an additional 122 shares during the period. 38.10% of the stock is owned by institutional investors and hedge funds.

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).