Dell Technologies (NYSE:DELL) Shares Down 0.6% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL) shares traded down 0.6% during trading on Wednesday . The stock traded as low as $97.80 and last traded at $98.25. 1,667,809 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 10,022,227 shares. The stock had previously closed at $98.86.

Analyst Ratings Changes

Several brokerages have recently weighed in on DELL. Wells Fargo & Company reduced their target price 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. TD Cowen reduced their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Citigroup dropped their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, Morgan Stanley cut their price objective 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. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Down 2.2 %

The stock has a market capitalization of $67.71 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.10 and a beta of 0.83. The company’s 50-day moving average is $105.17 and its 200-day moving average is $116.59.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.17%. 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 payout ratio is presently 33.76%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated 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 $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 824,937 shares of company stock worth $100,327,453. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DELL. Allen Capital Group LLC lifted its holdings in Dell Technologies by 3.3% during the 4th quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock worth $338,000 after buying an additional 95 shares during the last quarter. Brooklyn Investment Group lifted its stake in Dell Technologies by 18.7% during the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock worth $70,000 after purchasing an additional 96 shares during the last quarter. Sunflower Bank N.A. boosted its holdings in Dell Technologies by 3.1% in the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock valued at $375,000 after purchasing an additional 98 shares in the last quarter. Bogart Wealth LLC increased its stake in Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock valued at $161,000 after purchasing an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock worth $62,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors 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).