Dell Technologies (NYSE:DELL) Trading 7% Higher - What's Next?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares traded up 7% during mid-day trading on Monday . The stock traded as high as $89.29 and last traded at $87.66. 5,653,255 shares were traded during trading, a decline of 45% from the average session volume of 10,364,108 shares. The stock had previously closed at $81.93.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DELL shares. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company cut their target price 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, Citigroup decreased their price target on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a research report on Monday. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $136.41.

Dell Technologies Stock Performance

The stock's fifty day moving average is $96.36 and its two-hundred day moving average is $112.44. The firm has a market cap of $59.22 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.47%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is presently 33.76%.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred 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 transaction, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. The trade was a 2.38 % 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 Investors Weigh In On Dell Technologies

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of 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 during the last quarter. Capital World Investors raised its stake in shares of Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after buying an additional 72,271 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after buying an additional 552,213 shares in the last quarter. Norges Bank bought a new position in shares of Dell Technologies during the fourth quarter valued at $455,029,000. Finally, Northern Trust Corp grew its stake in Dell Technologies by 16.1% during the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock worth $382,281,000 after buying an additional 460,483 shares during the last quarter. Institutional investors 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).