Dell Technologies (NYSE:DELL) Shares Up 3.4% - Time to Buy?

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) rose 3.4% during mid-day trading on Tuesday . The stock traded as high as $84.61 and last traded at $84.63. Approximately 1,060,205 shares traded hands during trading, a decline of 90% from the average daily volume of 10,351,519 shares. The stock had previously closed at $81.87.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. UBS Group decreased their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a report on Friday, February 28th. Barclays boosted 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 report on Friday, February 28th. Citigroup decreased their price target on Dell Technologies from $145.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Loop Capital lowered their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.41.

Dell Technologies Stock Performance

The business's 50 day simple moving average is $93.79 and its 200-day simple moving average is $111.43. The stock has a market capitalization of $65.98 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

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 represents a $2.10 dividend on an annualized basis and a yield of 2.22%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is 33.76%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 46.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DELL. Bellwether Advisors LLC bought a new position in Dell Technologies during the 4th quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies in the fourth quarter worth about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies in the 4th quarter worth approximately $28,000. Finally, Crowley Wealth Management Inc. raised its holdings in shares of Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. 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).