Dell Technologies (NYSE:DELL) Trading Up 3.1% - Here's What Happened

Dell Technologies Inc. (NYSE:DELL) experienced an increase of 3.1% in its stock price during mid-day trading on Monday. The stock reached a peak of $110.33 before settling at $109.66 by the end of the trading session. During this period, around 2,219,709 shares were exchanged, showing a significant drop of 73% compared to the average daily trading volume of 8,073,182 shares. This change comes after the stock closed at $106.37 the previous day.

Wall Street Analysts Forecast Growth

Several analysts have recently analyzed Dell Technologies' stock and provided their insights. Citigroup reduced its target price from $160.00 to $156.00 while maintaining a "buy" rating. Evercore ISI affirmed its "outperform" rating and set a target price of $150.00. Mizuho also lowered its target from $155.00 to $150.00, but kept its "outperform" rating. Deutsche Bank adjusted its price target down from $144.00 to $142.00, giving a "buy" rating. Morgan Stanley increased their target from $136.00 to $154.00 and rated Dell Technologies as "overweight." Currently, three analysts recommend holding, while fifteen recommend buying the stock, leading to an average rating of "Moderate Buy" with an average price target of $148.06.

Dell Technologies Trading Up 5.6%

As of the latest reports, Dell Technologies has averaged a 50-day simple moving average of $114.47 and a 200-day simple moving average of $117.19. The company has a market capitalization of $78.66 billion, with a price-to-earnings (P/E) ratio of 19.84 and a price-to-earnings-growth (PEG) ratio of 0.91, reflecting its stable market position.

Dell Technologies Reports Earnings

On November 26, Dell Technologies posted its quarterly earnings results, reporting earnings per share (EPS) of $2.15, surpassing analysts' expectations of $1.83 by $0.32. The return on equity was reported as negative at -191.91%, with a net margin of 4.36%. Revenue for the quarter reached $24.37 billion, slightly below the consensus estimate of $24.67 billion but up 9.5% from the same quarter the previous year. Analysts expect Dell Technologies to achieve an EPS of 6.92 for the current year.

Dell Technologies Announces Dividend

Dell Technologies recently declared a quarterly dividend, which was paid out on January 31. Shareholders who were on record as of January 22 received a dividend of $0.445 per share, culminating in an annual dividend yield of 1.59% based on a total annualized dividend of $1.78. The firm's payout ratio stands at 31.45%.

Insider Trading Activity

In related news, Director Lynn Vojvodich sold 725 shares at an average price of $132.28, totaling $95,903. Following this sale, Vojvodich owns 23,680 shares valued at approximately $3.1 million. Another significant transaction involved Director Iv (Gp) L.L.C. Slta selling 499,045 shares at an average price of $119.73, amounting to approximately $59.75 million. Insiders have sold 946,132 shares valued at around $115.66 million recently, while insiders hold about 46.70% of the company’s shares.

Institutional Trading Dynamics

Many institutional investors have changed their stakes in Dell Technologies. For instance, State Street Corp increased its holdings by 92.4%, now owning over 12.76 million shares worth roughly $1.51 billion. Similarly, Geode Capital Management upped its holdings by 71.8% and Bank of New York Mellon Corp increased its stake by 63.6%. Institutional investors collectively hold 76.37% of Dell Technologies' stock, indicating strong institutional confidence in the company.

Dell Technologies Company Overview

Dell Technologies Inc. designs, manufactures, and sells a wide range of technology solutions and services globally, operating through two divisions: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

Dell, Stock, Trading