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

Dell Technologies Inc. (NYSE:DELL) was the target of unusually large options trading on Wednesday. Stock traders bought 76,651 call options on the stock. This represents an increase of approximately 26% compared to the typical daily volume of 60,997 call options.

Dell Technologies Price Performance

Shares of DELL opened at $114.26 on Friday. The company has a market capitalization of $80.04 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.18 and a beta of 0.92. The business’s 50-day moving average is $121.53 and its 200-day moving average is $119.67. Dell Technologies has a fifty-two week low of $80.49 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the business posted $1.62 EPS. Dell Technologies’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts expect that Dell Technologies will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.56%. Dell Technologies’s dividend payout ratio is 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 945,407 shares of company stock worth $115,573,009. Corporate insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank bought a new position in shares of Dell Technologies in the second quarter worth about $1,941,000. EverSource Wealth Advisors LLC lifted its holdings in Dell Technologies by 97.2% during the second quarter. EverSource Wealth Advisors LLC now owns 428 shares of the technology company’s stock worth $59,000 after acquiring an additional 211 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at about $2,717,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of Dell Technologies in the second quarter valued at approximately $248,000. Finally, Bank of Montreal Can boosted its stake in Dell Technologies by 383.2% in the 2nd quarter. Bank of Montreal Can now owns 368,695 shares of the technology company’s stock worth $51,772,000 after purchasing an additional 292,393 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Mizuho dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company lifted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, Barclays lifted their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $148.06.

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).