Dell Technologies Inc. (NYSE:DELL - Get Free Report) shot up 1.8% during mid-day trading on Friday . The company traded as high as $85.42 and last traded at $84.86. 6,234,455 shares were traded during mid-day trading, a decline of 40% from the average session volume of 10,382,100 shares. The stock had previously closed at $83.36.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. Loop Capital lowered their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Citigroup dropped their price objective on Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Morgan Stanley cut their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, UBS Group decreased their target price on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $136.41.
Check Out Our Latest Research Report on DELL
Dell Technologies Stock Up 2.7 %
The stock has a 50 day moving average of $95.22 and a 200 day moving average of $111.95. The company has a market capitalization of $58.68 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.
Dell Technologies Increases Dividend
The company also recently disclosed 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 represents a $2.10 dividend on an annualized basis and a yield of 2.50%. 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 dividend payout ratio is presently 33.76%.
Insider Transactions at Dell Technologies
In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 46.70% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of DELL. Optimist Retirement Group LLC grew its position in Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after acquiring an additional 463 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Dell Technologies during the 3rd quarter valued at about $894,000. Morse Asset Management Inc lifted its position in Dell Technologies by 180.1% in the 3rd quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company's stock worth $2,516,000 after buying an additional 13,646 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Dell Technologies during the third quarter valued at approximately $198,000. Finally, Tidal Investments LLC raised its stake in shares of Dell Technologies by 49.0% during the third quarter. Tidal Investments LLC now owns 147,383 shares of the technology company's stock worth $17,471,000 after acquiring an additional 48,436 shares in the last quarter. 76.37% of the stock is owned by institutional investors.
Dell Technologies Company Profile
(
Get Free Report)
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).
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