Dell Technologies (NYSE:DELL) Trading 2.1% Higher – Here’s What Happened

Shares of Dell Technologies Inc. (NYSE:DELL) traded up 2.1% during mid-day trading on Wednesday . The company traded as high as $95.98 and last traded at $93.52. 2,615,035 shares were traded during trading, a decline of 70% from the average session volume of 8,685,489 shares. The stock had previously closed at $91.57.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DELL shares. Morgan Stanley decreased their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group cut their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Price Performance

The stock has a market cap of $66.74 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The company has a 50 day simple moving average of $109.17 and a 200-day simple moving average of $117.54.

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. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.20%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated 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 in the company, valued at approximately $2,841,600. The trade was 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, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 825,662 shares of company stock valued at $100,414,453. 46.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the fourth quarter worth about $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies during the 4th quarter valued at $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 purchasing an additional 253 shares in the last quarter. 76.37% of the stock is currently owned by 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).