Dell Technologies (NYSE:DELL) Stock Price Down 1.9% – Here’s Why

Shares of Dell Technologies Inc. (NYSE:DELL) traded down 1.9% during trading on Thursday . The company traded as low as $93.60 and last traded at $94.40. 1,605,867 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 10,019,139 shares. The stock had previously closed at $96.26.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group decreased their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Morgan Stanley cut their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. UBS Group dropped their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, TD Cowen reduced their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Price Performance

The company has a market capitalization of $66.69 billion, a price-to-earnings ratio of 16.82, 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 $104.92 and a 200 day moving average price of $116.44.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s 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 transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s 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 sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 824,937 shares of company stock valued at $100,327,453. Corporate insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

A number of hedge funds have recently bought and sold shares of DELL. Optimist Retirement Group LLC lifted its holdings in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Dell Technologies by 529.6% during the third quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock valued at $1,661,000 after buying an additional 11,783 shares during the period. Quest Partners LLC lifted its stake in Dell Technologies by 17.0% in the 3rd quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock worth $164,000 after acquiring an additional 201 shares in the last quarter. Cerity Partners LLC boosted its position in Dell Technologies by 159.2% during the 3rd quarter. Cerity Partners LLC now owns 42,476 shares of the technology company’s stock worth $5,035,000 after acquiring an additional 26,086 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in Dell Technologies by 85.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 35,675 shares of the technology company’s stock valued at $4,229,000 after acquiring an additional 16,420 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).