Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nineteen brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $141.24.
A number of equities analysts recently commented on the company. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 27th. Evercore ISI reiterated an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. TD Cowen reduced their price objective 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. Finally, Morgan Stanley reduced their price objective on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th.
Read Our Latest Stock Report on Dell Technologies
Dell Technologies Stock Down 1.8 %
Shares of NYSE DELL traded down $1.65 during midday trading on Friday, hitting $91.37. The stock had a trading volume of 10,145,558 shares, compared to its average volume of 8,892,221. The company has a market capitalization of $64.00 billion, a PE ratio of 16.14, a P/E/G ratio of 1.10 and a beta of 0.83. The stock has a 50 day simple moving average of $110.13 and a 200-day simple moving average of $117.77. Dell Technologies has a 1 year low of $86.93 and a 1 year high of $179.70.
Dell Technologies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.30%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's payout ratio is 33.76%.
Insiders Place Their Bets
In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 825,662 shares of company stock valued at $100,414,453 in the last ninety days. Insiders own 46.70% of the company's stock.
Institutional Trading of Dell Technologies
Several institutional investors and hedge funds have recently made changes to their positions in DELL. Bellwether Advisors LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at about $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies during the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies during the 4th quarter valued at approximately $28,000. Finally, True Wealth Design LLC raised its stake 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 last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.
About Dell Technologies
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Get Free ReportDell 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).
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