Dell Technologies (NYSE:DELL) Shares Up 0.4% After Analyst Upgrade

Shares of Dell Technologies Inc. (NYSE:DELL) were up 0.4% during trading on Tuesday after Mizuho raised their price target on the stock from $140.00 to $145.00. Mizuho currently has an outperform rating on the stock. Dell Technologies traded as high as $115.50 and last traded at $114.78. Approximately 1,103,611 shares traded hands during trading, a decline of 89% from the average daily volume of 10,319,264 shares. The stock had previously closed at $114.28.

A number of other analysts also recently issued reports on DELL. Raymond James boosted their price objective on shares of Dell Technologies from $139.00 to $144.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Morgan Stanley decreased their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group cut their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.76.

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the sale, the chief financial officer now directly owns 245,804 shares of the company’s stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. grew its position in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after buying an additional 2,662,407 shares during the last quarter. Michael & Susan Dell Foundation acquired a new position in Dell Technologies in the 4th quarter valued at $265,052,000. Janus Henderson Group PLC lifted its stake in shares of Dell Technologies by 160.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company’s stock worth $348,814,000 after acquiring an additional 1,865,013 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock valued at $219,084,000 after acquiring an additional 1,690,709 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

The firm has a market capitalization of $80.10 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The business’s 50 day moving average price is $92.21 and its 200-day moving average price is $108.31.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. The ex-dividend date was 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 yield of 1.83%. Dell Technologies’s payout ratio is currently 33.76%.

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).