Dell Technologies (NYSE:DELL) Trading Up 1.7% – Here’s Why

Shares of Dell Technologies Inc. (NYSE:DELL) were up 1.7% during trading on Wednesday . The stock traded as high as $93.85 and last traded at $93.57. Approximately 1,289,916 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 10,203,972 shares. The stock had previously closed at $91.96.

Analyst Ratings Changes

DELL has been the subject of several recent analyst reports. Barclays increased their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Citigroup reduced their price target 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. Loop Capital cut their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group dropped their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Price Performance

The stock has a market cap of $66.73 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The firm has a 50 day simple moving average of $103.54 and a two-hundred day simple moving average of $116.03.

Dell Technologies Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.20%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This trade 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 have sold 825,863 shares of company stock worth $100,413,839. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Institutional investors have recently modified their holdings of the company. Bellwether Advisors LLC bought a new stake in Dell Technologies in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new position in Dell Technologies in the fourth quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies during the 4th quarter worth about $28,000. Finally, Versant Capital Management Inc boosted its stake in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares during the last quarter. 76.37% of the stock is currently 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).