Dell Technologies (NYSE:DELL) Stock Price Up 2.1% – Should You Buy?

Dell Technologies Inc. (NYSE:DELL) rose 2.1% during mid-day trading on Wednesday . The company traded as high as $95.98 and last traded at $93.52. Approximately 2,615,035 shares traded hands during trading, a decline of 70% from the average daily volume of 8,685,489 shares. The stock had previously closed at $91.57.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DELL shares. 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. Morgan Stanley decreased their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Barclays raised their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Bank of America reduced their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Citigroup dropped their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Trading Up 4.0 %

The company has a market cap of $66.74 billion, a PE ratio of 16.84, a PEG ratio of 1.10 and a beta of 0.83. The business’s 50 day moving average is $109.17 and its two-hundred day moving average is $117.54.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.20%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was 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 directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 825,662 shares of company stock valued at $100,414,453. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently made changes to their positions in the company. Optimist Retirement Group LLC raised its holdings 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. Farther Finance Advisors LLC increased its stake in Dell Technologies by 74.3% in the third quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company’s stock worth $100,000 after purchasing an additional 358 shares during the period. Impax Asset Management Group plc lifted its position in shares of 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 worth $38,069,000 after purchasing an additional 115,630 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Dell Technologies during the third quarter valued at $214,000. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Dell Technologies by 3.0% in the third quarter. Verdence Capital Advisors LLC now owns 3,623 shares of the technology company’s stock worth $429,000 after purchasing an additional 107 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).