Dell Technologies (NYSE:DELL) Shares Up 2.1% – Should You Buy?

Shares of Dell Technologies Inc. (NYSE:DELL) shot up 2.1% on Thursday . The stock traded as high as $100.98 and last traded at $100.77. 1,140,941 shares traded 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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DELL. Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley reduced their target price 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. Mizuho reduced their target price on 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. 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 Tuesday, February 11th. Finally, Barclays raised their target price on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Trading Down 1.3 %

The business’s fifty day moving average is $105.59 and its 200 day moving average is $116.57. The company has a market cap of $68.38 billion, a P/E ratio of 17.25, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

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

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 completion of the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. 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 over the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY purchased a new stake in Dell Technologies during the fourth quarter valued at about $1,272,000. iA Global Asset Management Inc. raised its position in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 5,203 shares in the last quarter. Sky Investment Group LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at about $1,687,000. Enclave Advisors LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at about $848,000. Finally, Empowered Funds LLC grew its stake 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 valued at $3,502,000 after buying an additional 3,470 shares during the last quarter. Hedge funds and other 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).