Dell Technologies (NYSE:DELL) Shares Up 1.5% – Still a Buy?

Dell Technologies Inc. (NYSE:DELL) shot up 1.5% during trading on Wednesday . The company traded as high as $96.34 and last traded at $95.47. 1,563,105 shares traded hands during trading, a decline of 82% from the average session volume of 8,758,779 shares. The stock had previously closed at $94.07.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DELL. Morgan Stanley decreased their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. TD Cowen reduced their target price on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Citigroup dropped their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. JPMorgan Chase & Co. reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Stock Up 3.6 %

The firm’s 50-day simple moving average is $111.61 and its 200-day simple moving average is $118.18. The firm has a market capitalization of $68.29 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders 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 annualized dividend and a yield of 2.15%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now directly owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 929,407 shares of company stock worth $113,411,626. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

Several large investors have recently bought and sold shares of DELL. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new position in Dell Technologies during the fourth quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the 4th quarter worth about $28,000. Finally, True Wealth Design LLC lifted its position 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 period. 76.37% of the stock is owned by institutional investors.

About Dell Technologies

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).