Dell Technologies (NYSE:DELL) Trading Down 1.9% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) shares traded down 1.9% during trading on Thursday . The stock traded as low as $93.60 and last traded at $94.40. 1,605,867 shares were traded during mid-day trading, a decline of 84% from the average session volume of 10,019,139 shares. The stock had previously closed at $96.26.

Analyst Upgrades and Downgrades

Several equities research analysts 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 on the stock in a research report on Friday, February 28th. UBS Group dropped their price objective 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. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Citigroup lowered their price objective 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. Finally, Barclays boosted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Stock Performance

The stock has a 50 day moving average price of $104.31 and a 200 day moving average price of $116.21. The company has a market cap of $64.68 billion, a P/E ratio of 16.32, a P/E/G 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. Investors 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 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’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 transaction of $87,000.00. Following the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. The trade was 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 firm’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 completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 824,937 shares of company stock worth $100,327,453. Corporate insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of DELL. Allen Capital Group LLC grew its position in Dell Technologies by 3.3% during the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock valued at $338,000 after purchasing an additional 95 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock valued at $70,000 after acquiring an additional 96 shares in the last quarter. Sunflower Bank N.A. raised its holdings in shares of Dell Technologies by 3.1% during the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock worth $375,000 after acquiring an additional 98 shares in the last quarter. Bogart Wealth LLC boosted its position in Dell Technologies by 7.7% during the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock valued at $161,000 after purchasing an additional 100 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its stake in Dell Technologies by 23.0% in the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock valued at $62,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

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).