Dell Technologies (NYSE:DELL) Shares Up 8.1% - Should You Buy?

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) shot up 8.1% on Wednesday . The stock traded as high as $91.89 and last traded at $90.88. 3,423,588 shares were traded during mid-day trading, a decline of 67% from the average session volume of 10,358,223 shares. The stock had previously closed at $84.08.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DELL shares. TD Cowen cut their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Citigroup cut their price target on shares of Dell Technologies from $145.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Barclays lifted their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.41.

Dell Technologies Stock Performance

The stock's 50 day simple moving average is $93.79 and its 200 day simple moving average is $111.43. The firm has a market cap of $65.91 billion, a P/E ratio of 16.70, a price-to-earnings-growth 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. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is currently 33.76%.

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 46.70% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Dell Technologies in the 4th quarter worth $455,029,000. Vanguard Group Inc. grew its position in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation purchased a new stake in Dell Technologies in the 4th quarter valued at about $265,052,000. Janus Henderson Group PLC lifted its position in shares of Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after buying an additional 1,865,013 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock valued at $219,084,000 after acquiring an additional 1,690,709 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).