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

Dell Technologies Inc. (NYSE:DELL) shares gapped up prior to trading on Monday . The stock had previously closed at $81.93, but opened at $89.29. Dell Technologies shares last traded at $86.09, with a volume of 4,281,282 shares.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. TD Cowen dropped their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. The Goldman Sachs Group dropped their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Bank of America cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company lowered their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Price Performance

The firm has a market cap of $60.92 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 1.10 and a beta of 0.94. The business’s 50-day moving average price is $98.16 and its two-hundred day moving average price is $113.31.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.41%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sentinel Pension Advisors LLC purchased a new stake in shares of Dell Technologies during the first quarter worth $374,000. Persium Advisors LLC raised its holdings in Dell Technologies by 13.3% during the first quarter. Persium Advisors LLC now owns 7,338 shares of the technology company’s stock valued at $669,000 after buying an additional 861 shares in the last quarter. Holland Advisory Services Inc. lifted its position in shares of Dell Technologies by 29.4% in the first quarter. Holland Advisory Services Inc. now owns 2,786 shares of the technology company’s stock worth $254,000 after buying an additional 633 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Dell Technologies by 2.1% during the 1st quarter. Gateway Investment Advisers LLC now owns 63,349 shares of the technology company’s stock worth $5,774,000 after acquiring an additional 1,329 shares in the last quarter. Finally, Intellectus Partners LLC increased its holdings in shares of Dell Technologies by 4.1% during the 1st quarter. Intellectus Partners LLC now owns 8,334 shares of the technology company’s stock valued at $760,000 after acquiring an additional 328 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).