Dell Technologies (NYSE:DELL) Stock Price Up 0.3% - Here's Why

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price traded up 0.3% during trading on Friday . The company traded as high as $80.44 and last traded at $79.17. 2,048,598 shares traded hands during trading, a decline of 80% from the average session volume of 10,324,549 shares. The stock had previously closed at $78.94.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DELL shares. The Goldman Sachs Group cut their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Loop Capital decreased their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Barclays boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $138.88.

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Dell Technologies Trading Up 0.4 %

The business has a 50 day moving average price of $97.77 and a 200-day moving average price of $113.07. The firm has a market capitalization of $59.71 billion, a PE ratio of 15.12, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. 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. This represents a $2.10 annualized dividend and a dividend yield of 2.45%. Dell Technologies's dividend payout ratio is currently 33.76%.

Insiders Place Their Bets

In other Dell Technologies 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 transaction 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. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following 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 trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

Large investors have recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in Dell Technologies during the 4th quarter worth $25,000. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies during the 4th quarter valued at approximately $28,000. Finally, Versant Capital Management Inc boosted its stake in shares of Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after buying an additional 111 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).