Dell Technologies (NYSE:DELL) Trading Down 0.9% – Here’s Why

Shares of Dell Technologies Inc. (NYSE:DELL) traded down 0.9% during mid-day trading on Thursday . The company traded as low as $92.77 and last traded at $93.74. 962,604 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 8,639,086 shares. The stock had previously closed at $94.58.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. TD Cowen cut their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Stock Performance

The stock’s fifty day moving average is $107.79 and its 200 day moving average is $117.09. The stock has a market cap of $67.08 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 2.19%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were 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 owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 825,662 shares of company stock valued at $100,414,453 over the last 90 days. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Bellwether Advisors LLC purchased a new position in Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new position in Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the fourth quarter worth $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies in the fourth quarter worth $28,000. Finally, True Wealth Design LLC grew its holdings in Dell Technologies by 2,530.0% in the third 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 last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Company Profile

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).