Dell Technologies Inc. (NYSE:DELL) CAO Brunilda Rios Sells 926 Shares

Dell Technologies Inc. (NYSE:DELL) CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was 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 in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Dell Technologies Stock Up 0.8 %

Shares of DELL stock opened at $91.85 on Wednesday. The firm has a market capitalization of $64.34 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70. The firm has a fifty day moving average of $103.54 and a 200-day moving average of $116.03.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is 33.76%.

Institutional Investors Weigh In On Dell Technologies

Hedge funds have recently modified their holdings of the business. Bellwether Advisors LLC acquired a new stake in Dell Technologies during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies in the 4th quarter valued at $28,000. Finally, True Wealth Design LLC increased its holdings 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 worth $31,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DELL. JPMorgan Chase & Co. decreased 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. The Goldman Sachs Group decreased their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. UBS Group reduced their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Wells Fargo & Company cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

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).