Dell Technologies (NYSE:DELL) Trading Down 0.3% - Time to Sell?

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price dropped 0.3% during trading on Wednesday . The company traded as low as $71.12 and last traded at $72.34. Approximately 2,650,145 shares changed hands during trading, a decline of 74% from the average daily volume of 10,273,210 shares. The stock had previously closed at $72.59.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup lowered their target price on Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a report on Friday, February 21st. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Finally, Barclays increased their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $141.24.

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Dell Technologies Stock Performance

The firm has a market cap of $57.19 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.10 and a beta of 0.94. The business has a fifty day moving average of $98.16 and a two-hundred day moving average of $113.41.

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 given a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.56%. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company'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 $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optimist Retirement Group LLC boosted its position in shares of Dell Technologies by 27.3% in the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after buying an additional 463 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Dell Technologies by 24.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company's stock worth $275,000 after acquiring an additional 449 shares in the last quarter. MML Investors Services LLC increased its stake in Dell Technologies by 72.2% during the third quarter. MML Investors Services LLC now owns 33,518 shares of the technology company's stock valued at $3,973,000 after purchasing an additional 14,053 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in Dell Technologies during the third quarter worth about $313,000. Finally, TD Private Client Wealth LLC raised its position in shares of Dell Technologies by 9.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,458 shares of the technology company's stock worth $884,000 after purchasing an additional 671 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).