Dell Technologies (NYSE:DELL) Stock Price Up 0.9% - Here's What Happened

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares shot up 0.9% during trading on Tuesday . The stock traded as high as $91.65 and last traded at $91.93. 1,347,318 shares were traded during trading, a decline of 87% from the average session volume of 10,213,698 shares. The stock had previously closed at $91.15.

Analyst Ratings Changes

DELL has been the topic of a number of recent research reports. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Wells Fargo & Company cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Citigroup lowered their price target on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. Finally, Barclays raised their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $141.24.

Dell Technologies Trading Down 7.3 %

The company has a fifty day moving average price of $102.41 and a 200-day moving average price of $115.61. The firm has a market cap of $50.13 billion, a price-to-earnings ratio of 12.64, 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 given a dividend of $0.525 per share. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.93%. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 825,863 shares of company stock valued at $100,413,839. 46.70% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares during the period. Norges Bank acquired a new position in Dell Technologies in the 4th quarter valued at about $455,029,000. Vanguard Group Inc. grew its stake in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after buying an additional 2,662,407 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dell Technologies by 71.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after buying an additional 2,641,456 shares during the last quarter. Finally, Michael & Susan Dell Foundation purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $265,052,000. 76.37% of the stock is owned by institutional investors and hedge funds.

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).