Dell Technologies (NYSE:DELL) Trading 2.1% Higher - What's Next?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares shot up 2.1% during mid-day trading on Thursday . The company traded as high as $100.98 and last traded at $100.77. 1,140,941 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 10,059,411 shares. The stock had previously closed at $98.72.

Analyst Ratings Changes

DELL has been the topic of a number of research analyst reports. Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Loop Capital dropped their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Melius Research boosted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. TD Cowen cut their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Finally, OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $141.24.

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Dell Technologies Trading Up 2.5 %

The stock has a market capitalization of $70.04 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.10 and a beta of 0.83. The firm's fifty day moving average is $105.59 and its 200-day moving average is $116.66.

Dell Technologies Increases Dividend

The company also recently declared 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 is a boost 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 2.10%. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The shares were 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 owns 810,657 shares of the company's stock, valued at approximately $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 three months. Insiders own 46.70% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors have recently made changes to their positions in DELL. Allen Capital Group LLC increased its stake in shares of Dell Technologies by 3.3% in the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock valued at $338,000 after buying an additional 95 shares during the period. Brooklyn Investment Group raised its stake in shares of Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after purchasing an additional 96 shares during the period. Sunflower Bank N.A. increased its position in Dell Technologies by 3.1% in the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company's stock worth $375,000 after buying an additional 98 shares during the last quarter. Bogart Wealth LLC lifted its stake in shares of Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock valued at $161,000 after buying an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in Dell Technologies by 23.0% in the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after purchasing an additional 100 shares during the period. 76.37% of the stock is currently owned by institutional investors.

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).