Dell Technologies (NYSE:DELL) Trading Up 2.6% – What’s Next?

Dell Technologies Inc. (NYSE:DELL) rose 2.6% during mid-day trading on Tuesday . The stock traded as high as $116.68 and last traded at $116.72. Approximately 1,684,166 shares were traded during trading, a decline of 82% from the average daily volume of 9,277,931 shares. The stock had previously closed at $113.74.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley increased their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 21st. UBS Group cut their price objective on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Wells Fargo & Company dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Evercore ISI restated an “outperform” rating on shares of Dell Technologies in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Dell Technologies Stock Performance

The stock has a market cap of $80.56 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.10 and a beta of 1.01. The firm has a 50 day simple moving average of $101.01 and a two-hundred day simple moving average of $105.15.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 310,771 shares of the business’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $113.99, for a total value of $35,424,786.29. Following the transaction, the director now owns 877,339 shares in the company, valued at $100,007,872.61. The trade was a 26.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,379,092 shares of company stock worth $156,638,174 over the last 90 days. 42.00% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

Several large investors have recently made changes to their positions in the stock. Bellwether Advisors LLC bought a new stake in Dell Technologies during the fourth quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies in the 1st quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new position in Dell Technologies in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Finally, N.E.W. Advisory Services LLC bought a new position in Dell Technologies during the first quarter worth $26,000. 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).