Dell Technologies (NYSE:DELL) Stock Price Down 1.3% - Time to Sell?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) dropped 1.3% on Friday . The company traded as low as $96.52 and last traded at $97.61. Approximately 1,212,561 shares were traded during trading, a decline of 88% from the average daily volume of 10,040,164 shares. The stock had previously closed at $98.92.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DELL. UBS Group dropped their target price on Dell Technologies from $158.00 to $150.00 and set a "buy" 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 report on Wednesday, February 12th. The Goldman Sachs Group lowered their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Citigroup dropped their target price on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, Mizuho reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $141.24.

Dell Technologies Price Performance

The stock has a market capitalization of $69.30 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The stock has a 50-day moving average of $105.38 and a 200 day moving average of $116.61.

Remove Ads

Dell Technologies Increases Dividend

The firm also recently disclosed 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 positive change from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is currently 33.76%.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 824,937 shares of company stock valued at $100,327,453. Company insiders own 46.70% of the company's stock.

Institutional Trading of Dell Technologies

A number of large investors have recently made changes to their positions in DELL. Bellwether Advisors LLC acquired a new position in Dell Technologies in the fourth quarter valued at about $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the fourth quarter valued at approximately $28,000. Finally, True Wealth Design LLC boosted its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after buying an additional 253 shares during the period. 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).