Dell Technologies (NYSE:DELL) Trading Down 4.6% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s stock price dropped 4.6% on Friday . The company traded as low as $92.92 and last traded at $92.66. Approximately 2,000,386 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 10,034,528 shares. The stock had previously closed at $97.10.

Analyst Ratings Changes

Several research firms recently commented on DELL. Barclays boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Bank of America dropped their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. UBS Group decreased their price target on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Trading Down 4.7 %

The business has a fifty day moving average of $104.66 and a two-hundred day moving average of $116.31. The company has a market cap of $64.84 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. 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 2.27%. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DELL. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies in the 4th quarter valued at about $28,000. Finally, True Wealth Design LLC increased its stake in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. 76.37% of the stock is currently 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).