Dell Technologies Sees Unusually Large Options Volume (NYSE:DELL)

Dell Technologies Inc. (NYSE:DELL) was the recipient of unusually large options trading on Thursday. Stock investors bought 71,686 call options on the stock. This is an increase of 71% compared to the typical volume of 41,919 call options.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DELL. Barclays lifted their price objective on Dell Technologies from $94.00 to $98.00 and gave the stock an “underweight” rating in a research note on Tuesday. TD Cowen boosted 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. Sanford C. Bernstein lifted their target price on Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday. JPMorgan Chase & Co. increased their price target on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Morgan Stanley lifted their price objective on Dell Technologies from $128.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.

Dell Technologies Stock Up 6.0 %

Shares of NYSE:DELL traded up $8.84 during midday trading on Thursday, hitting $156.62. The stock had a trading volume of 8,855,491 shares, compared to its average volume of 7,047,939. The business’s 50-day simple moving average is $123.93 and its 200-day simple moving average is $96.71. Dell Technologies has a 12 month low of $44.45 and a 12 month high of $162.71. The company has a market cap of $111.79 billion, a P/E ratio of 36.78, a PEG ratio of 2.30 and a beta of 0.87.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the previous year, the business earned $1.55 EPS. Dell Technologies’s revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, equities analysts predict that Dell Technologies will post 6.74 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a $0.445 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Monday, April 22nd. Dell Technologies’s payout ratio is currently 40.73%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $107.03, for a total value of $4,447,096.50. Following the completion of the transaction, the chief executive officer now owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael S. Dell sold 155,105 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $107.31, for a total value of $16,644,317.55. Following the completion of the transaction, the chief executive officer now owns 37,583,381 shares in the company, valued at approximately $4,033,072,615.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 41,550 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $107.03, for a total value of $4,447,096.50. Following the sale, the chief executive officer now owns 36,389,719 shares of the company’s stock, valued at approximately $3,894,791,624.57. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 over the last ninety days. 48.60% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

A number of hedge funds have recently modified their holdings of DELL. Massmutual Trust Co. FSB ADV raised its holdings in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC increased its stake in shares of 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 worth $1,242,000 after purchasing an additional 98 shares during the period. BSW Wealth Partners lifted its holdings in Dell Technologies by 0.7% during the 1st 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 last quarter. Ascent Group LLC boosted its stake in Dell Technologies by 1.6% in the 1st quarter. Ascent Group LLC now owns 7,820 shares of the technology company’s stock valued at $892,000 after purchasing an additional 120 shares during the period. Finally, Greenleaf Trust grew its holdings in 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 in the last quarter. Institutional investors and hedge funds own 38.10% 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).