Dell Technologies (NYSE:DELL) Shares Up 1.8% – Should You Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price shot up 1.8% on Friday . The company traded as high as $85.42 and last traded at $84.86. 6,234,455 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 10,382,100 shares. The stock had previously closed at $83.36.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. 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. TD Cowen lowered their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Barclays raised their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. 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, the company has an average rating of “Moderate Buy” and a consensus price target of $136.41.

Dell Technologies Stock Performance

The firm has a fifty day moving average price of $96.36 and a 200 day moving average price of $112.44. The stock has a market cap of $59.22 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.47%. 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. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling

In other Dell Technologies 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 value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, 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 SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s 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 sale, 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. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optimist Retirement Group LLC raised its stake in Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after acquiring an additional 463 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Dell Technologies by 24.0% in the third quarter. Orion Portfolio Solutions LLC now owns 2,319 shares of the technology company’s stock valued at $275,000 after acquiring an additional 449 shares during the period. Virtu Financial LLC acquired a new stake in Dell Technologies during the 3rd quarter worth $894,000. Morse Asset Management Inc grew its holdings in shares of Dell Technologies by 180.1% during the third quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock worth $2,516,000 after buying an additional 13,646 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Dell Technologies during the 3rd quarter worth approximately $198,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).