Dell Technologies (NYSE:DELL) Shares Up 1.5% – What’s Next?

Dell Technologies Inc. (NYSE:DELL)’s share price shot up 1.5% during mid-day trading on Wednesday . The company traded as high as $96.34 and last traded at $95.47. 1,563,105 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 8,758,779 shares. The stock had previously closed at $94.07.

Analyst Ratings Changes

Several analysts recently commented on DELL shares. TD Cowen cut their price objective 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. UBS Group reduced their price target 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. JPMorgan Chase & Co. lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Melius Research lifted their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Loop Capital lowered their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Up 3.6 %

The business has a 50 day moving average price of $111.61 and a two-hundred day moving average price of $118.18. The stock has a market cap of $68.29 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.15%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the sale, the director now directly owns 777,347 shares of the company’s stock, valued at $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 929,407 shares of company stock valued at $113,411,626. 46.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Optimist Retirement Group LLC lifted its stake in Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares during the last quarter. US Bancorp DE raised its holdings in shares of Dell Technologies by 11.7% in the third quarter. US Bancorp DE now owns 29,730 shares of the technology company’s stock worth $3,524,000 after buying an additional 3,116 shares during the period. Stephens Inc. AR boosted its holdings in Dell Technologies by 89.4% during the 3rd quarter. Stephens Inc. AR now owns 10,286 shares of the technology company’s stock valued at $1,219,000 after acquiring an additional 4,854 shares during the period. Farther Finance Advisors LLC grew its position in Dell Technologies by 74.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company’s stock valued at $100,000 after acquiring an additional 358 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in Dell Technologies by 16.2% in the third quarter. Chicago Partners Investment Group LLC now owns 4,071 shares of the technology company’s stock worth $486,000 after purchasing an additional 567 shares during the period. 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).