Dell Technologies Inc. (NYSE:DELL) CAO Brunilda Rios Sells 926 Shares

Dell Technologies Inc. (NYSE:DELL) CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now directly 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 document filed with the SEC, which is accessible through this link.

Dell Technologies Stock Down 19.0 %

Shares of Dell Technologies stock opened at $77.26 on Friday. Dell Technologies Inc. has a 52 week low of $76.72 and a 52 week high of $179.70. The company has a market capitalization of $54.11 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The stock’s fifty day moving average is $102.41 and its two-hundred day moving average is $115.61.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.72%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Analysts Set New Price Targets

DELL has been the subject of several research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Citigroup dropped their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Institutional Trading of Dell Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $25,000. Vision Financial Markets LLC bought a new position in Dell Technologies in the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies during the 4th quarter valued at $28,000. Finally, True Wealth Design LLC increased its holdings in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the period. 76.37% of the stock is 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).