Dell Technologies (NYSE:DELL) Trading Up 2.9% – Time to Buy?

Shares of Dell Technologies Inc. (NYSE:DELL) traded up 2.9% on Monday . The stock traded as high as $101.52 and last traded at $100.39. 1,495,674 shares were traded during mid-day trading, a decline of 85% from the average session volume of 10,048,194 shares. The stock had previously closed at $97.57.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DELL. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Loop Capital reduced their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Barclays lifted their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Melius Research lifted their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Citigroup cut 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 report on Friday, February 21st. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Stock Performance

The stock has a 50 day moving average of $105.17 and a 200-day moving average of $116.59. The company has a market cap of $69.15 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company 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 2.13%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction 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 transaction, the director now owns 23,680 shares of the company’s stock, valued at $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 quarter, insiders have sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new position in Dell Technologies in the fourth quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at about $28,000. Finally, True Wealth Design LLC increased its stake in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

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).