Dell Technologies (NYSE:DELL) Trading 3.1% Higher – Should You Buy?

Dell Technologies Inc. (NYSE:DELL) shares were up 3.1% during trading on Wednesday . The stock traded as high as $99.84 and last traded at $99.45. Approximately 1,307,389 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 10,070,535 shares. The stock had previously closed at $96.44.

Wall Street Analyst Weigh In

DELL has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Loop Capital decreased their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Mizuho cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Bank of America lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Trading Down 1.2 %

The stock’s 50-day simple moving average is $105.93 and its 200-day simple moving average is $116.69. The stock has a market cap of $68.48 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Chancellor Financial Group WB LP bought a new position in Dell Technologies in the 4th quarter valued at approximately $313,000. California State Teachers Retirement System increased its holdings in Dell Technologies by 9.5% in the 4th quarter. California State Teachers Retirement System now owns 505,496 shares of the technology company’s stock worth $58,253,000 after purchasing an additional 43,715 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in Dell Technologies in the fourth quarter valued at about $32,599,000. Centaurus Financial Inc. boosted its stake in shares of Dell Technologies by 25.2% during the fourth quarter. Centaurus Financial Inc. now owns 7,695 shares of the technology company’s stock valued at $887,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Capstone Triton Financial Group LLC grew its holdings in shares of Dell Technologies by 26.1% during the fourth quarter. Capstone Triton Financial Group LLC now owns 7,061 shares of the technology company’s stock worth $814,000 after purchasing an additional 1,463 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).