Dell Technologies (NYSE:DELL) Shares Down 0.3% – Here’s Why

Shares of Dell Technologies Inc. (NYSE:DELL) fell 0.3% during trading on Tuesday . The stock traded as low as $99.50 and last traded at $99.55. 1,206,895 shares were traded during trading, a decline of 88% from the average session volume of 10,064,053 shares. The stock had previously closed at $99.81.

Wall Street Analyst Weigh In

DELL has been the subject of several research analyst reports. UBS Group lowered their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Mizuho dropped their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Morgan Stanley dropped their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group decreased their price target 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. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Trading Down 1.0 %

The business’s 50-day simple moving average is $105.38 and its 200 day simple moving average is $116.61. The company has a market capitalization of $69.18 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.10 and a beta of 0.83.

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 given a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Burns J W & Co. Inc. NY acquired a new position in shares of Dell Technologies in the fourth quarter worth about $1,272,000. iA Global Asset Management Inc. boosted its stake in Dell Technologies by 84.7% in 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 period. Sky Investment Group LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth $1,687,000. Enclave Advisors LLC purchased a new position in shares of Dell Technologies during the fourth quarter valued at $848,000. Finally, Empowered Funds LLC raised its position in Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after buying an additional 3,470 shares during the period. 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).