Dell Technologies (NYSE:DELL) Shares Down 16% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL) shares dropped 16% during trading on Thursday . The company traded as low as $78.93 and last traded at $80.08. Approximately 12,806,294 shares changed hands during trading, an increase of 25% from the average daily volume of 10,257,130 shares. The stock had previously closed at $95.33.

Analyst Ratings Changes

Several equities research analysts recently commented on DELL shares. Loop Capital dropped their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered 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 Tuesday, February 11th. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Price Performance

The company has a market capitalization of $54.11 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The business has a fifty day moving average price of $103.15 and a 200 day moving average price of $115.88.

Dell Technologies Increases Dividend

The firm also recently announced 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction on 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 completion of the sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 825,863 shares of company stock worth $100,413,839. 46.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of DELL. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies during the fourth quarter worth approximately $1,272,000. iA Global Asset Management Inc. boosted its stake in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after buying an additional 5,203 shares during the period. Sky Investment Group LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth $848,000. Finally, Empowered Funds LLC raised its holdings in shares of Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after acquiring an additional 3,470 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).