Dell Technologies (NYSE:DELL) Shares Down 2.5% - What's Next?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) traded down 2.5% during mid-day trading on Tuesday . The stock traded as low as $94.92 and last traded at $95.17. 1,236,590 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 10,077,991 shares. The stock had previously closed at $97.66.

Analysts Set New Price Targets

Several research analysts recently weighed in on DELL shares. JPMorgan Chase & Co. cut their price target 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. Morgan Stanley reduced their target price on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Melius Research lifted their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Finally, OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $141.24.

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Dell Technologies Price Performance

The firm's 50 day moving average is $105.59 and its 200 day moving average is $116.57. The company has a market cap of $68.38 billion, a PE ratio of 17.25, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently disclosed 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. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.15%. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Insiders Place Their Bets

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction 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. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company's stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock worth $100,327,453 in the last ninety days. 46.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies in the 4th quarter worth approximately $1,272,000. iA Global Asset Management Inc. boosted its position in Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock valued at $1,345,000 after buying an additional 5,203 shares during the period. Sky Investment Group LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at about $1,687,000. Enclave Advisors LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $848,000. Finally, Empowered Funds LLC raised its position in Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after purchasing an additional 3,470 shares during 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).