Dell Technologies (NYSE:DELL) Stock Price Up 2.4% - Still a Buy?

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) traded up 2.4% during mid-day trading on Monday . The company traded as high as $98.00 and last traded at $97.95. 1,247,195 shares changed hands during trading, a decline of 85% from the average session volume of 8,508,842 shares. The stock had previously closed at $95.67.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup lowered their target price on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Melius Research upped their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. UBS Group decreased their price target 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. Loop Capital cut their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, TD Cowen cut their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $141.24.

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Dell Technologies Stock Down 1.0 %

The stock's fifty day moving average price is $105.93 and its two-hundred day moving average price is $116.69. The company has a market capitalization of $68.61 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a positive change 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 2.14%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 transaction, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated 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 approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 824,937 shares of company stock valued at $100,327,453 over the last three months. Corporate insiders own 46.70% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Chancellor Financial Group WB LP bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $313,000. California State Teachers Retirement System increased its stake in shares of Dell Technologies by 9.5% during the fourth quarter. California State Teachers Retirement System now owns 505,496 shares of the technology company's stock valued at $58,253,000 after purchasing an additional 43,715 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $32,599,000. Centaurus Financial Inc. increased its position in shares of Dell Technologies by 25.2% during the fourth quarter. Centaurus Financial Inc. now owns 7,695 shares of the technology company's stock valued at $887,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Capstone Triton Financial Group LLC increased its position in shares of Dell Technologies by 26.1% during the fourth quarter. Capstone Triton Financial Group LLC now owns 7,061 shares of the technology company's stock valued at $814,000 after acquiring an additional 1,463 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

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).