Traders Buy Large Volume of Call Options on Dell Technologies (NYSE:DELL)

Dell Technologies Inc. (NYSE:DELL) was the target of unusually large options trading activity on Thursday. Stock investors purchased 71,686 call options on the company. This represents an increase of approximately 71% compared to the typical volume of 41,919 call options.

Analyst Ratings Changes

Several equities analysts have recently commented on DELL shares. Wells Fargo & Company upped their price target on shares of Dell Technologies from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley upped their price target on shares of Dell Technologies from $128.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Citigroup upped their price target on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays upped their price target on shares of Dell Technologies from $94.00 to $98.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, Loop Capital initiated coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the sale, 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 can be accessed through this link. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William F. Scannell sold 106,483 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the sale, the insider now owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,382,204 shares of company stock worth $718,452,037. Insiders own 48.60% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently made changes to their positions in DELL. Capital World Investors acquired a new position in shares of Dell Technologies in the 1st quarter valued at about $835,946,000. FMR LLC increased its holdings in shares of Dell Technologies by 59.6% in the 3rd quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock valued at $646,053,000 after purchasing an additional 3,499,760 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Dell Technologies by 449.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after purchasing an additional 3,038,891 shares during the period. Alkeon Capital Management LLC increased its holdings in Dell Technologies by 241.9% in the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock worth $294,453,000 after buying an additional 3,023,625 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Dell Technologies by 96.9% in the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after buying an additional 2,472,866 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Trading Up 4.0 %

Shares of NYSE DELL opened at $153.64 on Friday. Dell Technologies has a twelve month low of $44.45 and a twelve month high of $162.71. The company has a market capitalization of $109.67 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 2.30 and a beta of 0.87. The firm has a 50-day moving average of $124.87 and a two-hundred day moving average of $97.11.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. As a group, research analysts predict that Dell Technologies will post 6.74 earnings per share for the current 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 issued a $0.445 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.16%. Dell Technologies’s dividend payout ratio is currently 40.73%.

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).