Dell Technologies (NYSE:DELL) Shares Down 2.2% - Should You Sell?

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) were down 2.2% on Friday . The company traded as low as $90.30 and last traded at $90.94. Approximately 2,579,699 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 8,701,716 shares. The stock had previously closed at $93.02.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DELL shares. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. UBS Group dropped their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Citigroup dropped their price target on Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company dropped their price target 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. Finally, Bank of America dropped their price target 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. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $141.24.

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Dell Technologies Trading Down 1.8 %

The company has a fifty day moving average price of $110.13 and a two-hundred day moving average price of $117.77. The company has a market cap of $64.00 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business 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 $0.525 dividend. 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 annualized dividend and a yield of 2.30%. Dell Technologies's payout ratio is currently 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company's stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 825,662 shares of company stock valued at $100,414,453 in the last 90 days. 46.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Bellwether Advisors LLC acquired a new position in Dell Technologies in the fourth quarter worth $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth $28,000. Finally, True Wealth Design LLC raised its position in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock worth $31,000 after acquiring an additional 253 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

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).