Dell Technologies (NYSE:DELL) Shares Up 2.1% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) traded up 2.1% during mid-day trading on Thursday . The stock traded as high as $100.98 and last traded at $100.77. 1,140,941 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 10,059,411 shares. The stock had previously closed at $98.72.

Analysts Set New Price Targets

Several brokerages have weighed in on DELL. Morgan Stanley cut their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. 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 note on Tuesday, March 4th. Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Mizuho decreased their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Up 1.3 %

The firm’s 50 day moving average is $106.34 and its 200-day moving average is $116.82. The firm has a market cap of $70.02 billion, a PE ratio of 17.68, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company 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 dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.10%. 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. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction 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. The trade was a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly 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 have sold a total of 824,937 shares of company stock worth $100,327,453 in the last ninety days. 46.70% of the stock is owned by insiders.

Institutional Trading of Dell Technologies

Several large investors have recently added to or reduced their stakes in the business. Smithfield Trust Co grew its position in Dell Technologies by 8.0% in the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after acquiring an additional 84 shares in the last quarter. Allen Capital Group LLC grew its position in Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock worth $338,000 after acquiring an additional 95 shares in the last quarter. Brooklyn Investment Group grew its position in Dell Technologies by 18.7% in the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock worth $70,000 after acquiring an additional 96 shares in the last quarter. Sunflower Bank N.A. grew its position 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 worth $375,000 after acquiring an additional 98 shares in the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock worth $161,000 after buying an additional 100 shares during the period. 76.37% of the stock is owned by institutional investors.

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).