Dell Technologies (NYSE:DELL) Shares Up 2.4% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) rose 2.4% during trading on Monday . The company traded as high as $98.00 and last traded at $97.95. Approximately 1,247,195 shares traded hands during trading, a decline of 85% from the average daily volume of 8,508,842 shares. The stock had previously closed at $95.67.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent research reports. Barclays boosted their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. The Goldman Sachs Group reduced their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. UBS Group reduced their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Up 2.9 %

The firm’s 50 day simple moving average is $107.79 and its two-hundred day simple moving average is $117.17. The stock has a market cap of $68.98 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.13%. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 824,937 shares of company stock worth $100,327,453 over the last 90 days. Insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors have recently modified their holdings of the company. 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 in the last quarter. State Street Corp grew its position in Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Capital World Investors grew its position in Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock valued at $1,436,000,000 after buying an additional 72,271 shares in the last quarter. Geode Capital Management LLC grew its position in Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after buying an additional 552,213 shares in the last quarter. Finally, Norges Bank bought a new position in Dell Technologies in the 4th quarter valued at about $455,029,000. Institutional investors 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).