Dell Technologies (NYSE:DELL) Stock Price Up 4.7% - Should You Buy?

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) shot up 4.7% on Thursday . The stock traded as high as $92.73 and last traded at $93.32. 1,628,971 shares were traded during trading, a decline of 81% from the average session volume of 8,709,325 shares. The stock had previously closed at $89.16.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DELL shares. Wells Fargo & Company reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Loop Capital cut their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Morgan Stanley reduced their target price on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Finally, Bank of America lowered their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.41.

Dell Technologies Price Performance

The company has a market cap of $66.30 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The company has a 50-day moving average of $93.29 and a 200 day moving average of $111.17.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This is a boost 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 2.21%. Dell Technologies's payout ratio is currently 33.76%.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 46.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

A number of large investors have recently made changes to their positions in DELL. Norges Bank purchased a new stake in Dell Technologies in the 4th quarter worth approximately $455,029,000. Vanguard Group Inc. grew its stake in Dell Technologies by 10.5% during 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 acquiring an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation purchased a new position in Dell Technologies during the fourth quarter worth approximately $265,052,000. Janus Henderson Group PLC grew its holdings in shares of Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after purchasing an additional 1,865,013 shares during the period. Finally, Swedbank AB increased its holdings in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after buying an additional 1,690,709 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).