Dell Technologies (NYSE:DELL) Trading Down 1.3% – What’s Next?

Dell Technologies Inc. (NYSE:DELL) shares dropped 1.3% during mid-day trading on Friday . The stock traded as low as $96.52 and last traded at $97.61. Approximately 1,212,561 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 10,040,164 shares. The stock had previously closed at $98.92.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DELL. Mizuho dropped their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Barclays increased their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Morgan Stanley dropped their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. TD Cowen dropped their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Finally, Citigroup dropped their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Down 1.3 %

The firm has a fifty day moving average price of $105.93 and a two-hundred day moving average price of $116.69. The stock has a market capitalization of $68.41 billion, a P/E ratio of 17.29, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.15%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. The trade was a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock worth $100,327,453 over the last three months. 46.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DELL. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at about $25,000. Vision Financial Markets LLC purchased a new position in Dell Technologies in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $28,000. Finally, True Wealth Design LLC lifted its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. 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).