Dell Technologies (NYSE:DELL) Shares Down 0.9% – Here’s Why

Dell Technologies Inc. (NYSE:DELL) was down 0.9% on Monday . The stock traded as low as $88.76 and last traded at $90.68. Approximately 2,371,328 shares were traded during trading, a decline of 73% from the average daily volume of 8,737,137 shares. The stock had previously closed at $91.46.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DELL. Citigroup reduced their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. UBS Group cut their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. TD Cowen decreased their price target 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. Bank of America dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Mizuho dropped their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Trading Down 1.2 %

The business has a 50-day moving average price of $110.13 and a 200 day moving average price of $117.81. The stock has a market cap of $63.27 billion, a PE ratio of 15.96, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.32%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 825,662 shares of company stock worth $100,414,453. 46.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DELL. Bellwether Advisors LLC bought a new position in Dell Technologies in the 4th quarter worth about $25,000. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies during the fourth quarter valued at approximately $28,000. Finally, True Wealth Design LLC increased its holdings in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other 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).