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

Shares of Dell Technologies Inc. (NYSE:DELL) gapped down before the market opened on Friday . The stock had previously closed at $97.10, but opened at $94.38. Dell Technologies shares last traded at $93.21, with a volume of 1,124,463 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on DELL shares. Barclays raised 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. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. UBS Group lowered their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, TD Cowen lowered their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Trading Down 4.6 %

The stock has a market cap of $64.89 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.10 and a beta of 0.83. The company has a 50 day simple moving average of $104.66 and a 200-day simple moving average of $116.31.

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 given a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.27%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock valued at $100,327,453 in the last three months. 46.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently made changes to their positions in DELL. Optimist Retirement Group LLC lifted its holdings in shares of Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after buying an additional 463 shares in the last quarter. Thrivent Financial for Lutherans grew its stake 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 worth $1,661,000 after buying an additional 11,783 shares in the last quarter. Quest Partners LLC increased its holdings in Dell Technologies by 17.0% in the 3rd quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock valued at $164,000 after buying an additional 201 shares during the period. Cerity Partners LLC lifted its holdings in shares of 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, Private Trust Co. NA raised its position in Dell Technologies by 280.1% during the third quarter. Private Trust Co. NA now owns 3,375 shares of the technology company’s stock valued at $400,000 after purchasing an additional 2,487 shares in the last quarter. Institutional investors and hedge funds 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).