Dell Technologies (NYSE:DELL) Sets New 12-Month Low - Should You Sell?

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as $78.93 and last traded at $80.15, with a volume of 6617674 shares changing hands. The stock had previously closed at $95.33.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DELL shares. Bank of America dropped their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Loop Capital dropped their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, The Goldman Sachs Group reduced their price objective on shares of 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 research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $141.24.

Dell Technologies Trading Down 7.3 %

The company's 50-day moving average is $101.57 and its two-hundred day moving average is $115.31. The stock has a market capitalization of $50.13 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.10 and a beta of 0.83.

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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 given a $0.525 dividend. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.93%. Dell Technologies's payout ratio is 33.76%.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 transaction, the director now directly owns 23,680 shares of the company's stock, valued at $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 SEC, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 825,863 shares of company stock worth $100,413,839. Insiders own 46.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Optimist Retirement Group LLC raised its position in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock valued at $256,000 after purchasing an additional 463 shares during the period. Public Sector Pension Investment Board bought a new position in shares of Dell Technologies in the third quarter worth about $1,583,000. Benjamin Edwards Inc. bought a new position in shares of Dell Technologies in the third quarter valued at $409,000. Hilltop Holdings Inc. lifted its holdings in Dell Technologies by 176.6% during the third quarter. Hilltop Holdings Inc. now owns 5,438 shares of the technology company's stock valued at $645,000 after purchasing an additional 3,472 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Dell Technologies by 52.3% in the 3rd quarter. HighTower Advisors LLC now owns 158,593 shares of the technology company's stock worth $18,775,000 after acquiring an additional 54,432 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

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).