Dell Technologies (NYSE:DELL) Trading Up 1.5% – What’s Next?

Dell Technologies Inc. (NYSE:DELL) shares were up 1.5% during trading on Wednesday . The stock traded as high as $96.34 and last traded at $95.47. Approximately 1,563,105 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 8,758,779 shares. The stock had previously closed at $94.07.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DELL. Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Loop Capital dropped their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Barclays boosted their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Price Performance

The stock has a market cap of $64.00 billion, a P/E ratio of 16.14, a PEG ratio of 1.10 and a beta of 0.83. The business’s fifty day moving average price is $110.65 and its 200 day moving average price is $117.86.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.30%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred 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 transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 825,662 shares of company stock worth $100,414,453 over the last three months. 46.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors have recently made changes to their positions in the stock. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the 4th quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies during the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the 4th quarter worth $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies in the fourth quarter worth about $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. Institutional investors and hedge funds 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).