Dell Technologies (NYSE:DELL) Shares Up 3.6% – Should You Buy?

Dell Technologies Inc. (NYSE:DELL) shares traded up 3.6% on Tuesday . The company traded as high as $79.46 and last traded at $77.70. 3,940,103 shares were traded during mid-day trading, a decline of 62% from the average session volume of 10,274,785 shares. The stock had previously closed at $75.00.

Analysts Set New Price Targets

DELL has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Wells Fargo & Company lowered their price objective 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. JPMorgan Chase & Co. dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Loop Capital decreased their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Performance

The stock has a market cap of $50.49 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.10 and a beta of 0.94. The stock’s fifty day moving average is $100.99 and its 200 day moving average is $114.99.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.90%. Dell Technologies’s payout ratio is 33.76%.

Insider Activity at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 500,696 shares of company stock worth $59,924,044. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Burns J W & Co. Inc. NY purchased a new stake in shares of Dell Technologies in the 4th quarter worth $1,272,000. iA Global Asset Management Inc. grew its position in Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the last quarter. Sky Investment Group LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at about $848,000. Finally, Empowered Funds LLC increased its holdings in Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after buying an additional 3,470 shares during the period. 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).