Dell Technologies (NYSE:DELL) Trading Down 2.4% - Time to Sell?

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price fell 2.4% during mid-day trading on Thursday . The stock traded as low as $93.00 and last traded at $94.94. 2,030,980 shares were traded during mid-day trading, a decline of 77% from the average session volume of 8,702,240 shares. The stock had previously closed at $97.25.

Analyst Ratings Changes

DELL has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Evercore ISI reissued an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Barclays lifted their price target 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. Finally, UBS Group cut their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.24.

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Dell Technologies Stock Performance

The company's 50-day moving average price is $110.13 and its 200 day moving average price is $117.77. The stock has a market capitalization of $64.00 billion, a PE ratio of 16.14, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.30%. Dell Technologies's payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction on Monday, December 16th. The stock was 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 in the company, valued at $2,841,600. The trade was 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 available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares of the company's stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 825,662 shares of company stock valued at $100,414,453. 46.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently made changes to their positions in the business. Optimist Retirement Group LLC boosted its stake in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after purchasing an additional 463 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Dell Technologies by 74.3% during the third quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company's stock worth $100,000 after acquiring an additional 358 shares during the last quarter. Impax Asset Management Group plc grew its stake in Dell Technologies by 56.3% during the third quarter. Impax Asset Management Group plc now owns 321,153 shares of the technology company's stock valued at $38,069,000 after acquiring an additional 115,630 shares in the last quarter. Graypoint LLC lifted its stake in Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company's stock worth $247,000 after purchasing an additional 86 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Dell Technologies by 59.3% during the 3rd quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company's stock valued at $54,449,000 after purchasing an additional 170,984 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other 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).