Dell Technologies (NYSE:DELL) Shares Down 1.9% – What’s Next?

Dell Technologies Inc. (NYSE:DELL)’s share price traded down 1.9% during mid-day trading on Thursday . The stock traded as low as $93.60 and last traded at $94.40. 1,605,867 shares changed hands during trading, a decline of 84% from the average session volume of 10,019,139 shares. The stock had previously closed at $96.26.

Wall Street Analyst Weigh In

DELL has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. UBS Group cut their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Three investment 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Price Performance

The firm has a market capitalization of $64.68 billion, a PE ratio of 16.32, a P/E/G ratio of 1.10 and a beta of 0.83. The company has a 50-day moving average price of $104.31 and a 200-day moving average price of $116.21.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Insiders Place Their Bets

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 completion of the sale, the director now owns 810,657 shares of the company’s stock, 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 at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock valued at $100,327,453 in the last quarter. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

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