Dell Technologies (NYSE:DELL) Trading Up 3.1% – Time to Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price rose 3.1% during mid-day trading on Monday . The company traded as high as $77.30 and last traded at $73.87. Approximately 5,684,124 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 10,260,234 shares. The stock had previously closed at $71.63.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Barclays increased their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. UBS Group lowered their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Wells Fargo & Company cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, Citigroup lowered their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Up 4.5 %

The firm has a market capitalization of $52.24 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.10 and a beta of 0.94. The company’s 50 day moving average is $100.99 and its 200 day moving average is $114.99.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.81%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 500,696 shares of company stock valued at $59,924,044 over the last 90 days. 46.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after buying an additional 2,662,407 shares during the last quarter. Capital World Investors grew its stake in Dell Technologies by 0.6% during the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after purchasing an additional 72,271 shares during the period. Geode Capital Management LLC increased its holdings in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after purchasing an additional 552,213 shares in the last quarter. Norges Bank acquired a new position in Dell Technologies in the fourth quarter valued at approximately $455,029,000. Finally, Northern Trust Corp grew its position in shares of Dell Technologies by 16.1% during the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company’s stock worth $382,281,000 after buying an additional 460,483 shares during the period. Institutional investors and hedge funds 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).