Dell Technologies (NYSE:DELL) Hits New 1-Year Low – What’s Next?

Dell Technologies Inc. (NYSE:DELL) shares reached a new 52-week low during trading on Thursday . The company traded as low as $78.93 and last traded at $80.15, with a volume of 6617674 shares trading hands. The stock had previously closed at $95.33.

Wall Street Analyst Weigh In

DELL has been the topic of several recent analyst reports. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Barclays lifted their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. UBS Group dropped their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, TD Cowen cut their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Performance

The firm has a fifty day simple moving average of $103.15 and a 200-day simple moving average of $115.88. The firm has a market cap of $56.76 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.59%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is 33.76%.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction 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 transaction, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 825,863 shares of company stock worth $100,413,839 over the last three months. Insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optimist Retirement Group LLC raised its position in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after buying an additional 463 shares in the last quarter. Townsquare Capital LLC bought a new position in Dell Technologies in the third quarter valued at approximately $557,000. Public Sector Pension Investment Board bought a new stake in Dell Technologies during the third quarter worth $1,583,000. Captrust Financial Advisors lifted its stake in Dell Technologies by 23.4% during the third quarter. Captrust Financial Advisors now owns 27,309 shares of the technology company’s stock worth $3,237,000 after purchasing an additional 5,181 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of Dell Technologies in the 3rd quarter valued at $409,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

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).