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

Dell Technologies Inc. (NYSE:DELL)’s stock price dropped 0.3% during trading on Tuesday . The company traded as low as $99.50 and last traded at $99.55. Approximately 1,206,895 shares changed hands during trading, a decline of 88% from the average daily volume of 10,064,053 shares. The stock had previously closed at $99.81.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DELL shares. Bank of America reduced their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup cut their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Wells Fargo & Company decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Barclays boosted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, UBS Group decreased their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Price Performance

The business has a 50 day simple moving average of $104.92 and a 200 day simple moving average of $116.44. The stock has a market cap of $68.08 billion, a PE ratio of 17.17, 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. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. 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. This represents a $2.10 annualized dividend and a dividend yield of 2.16%. Dell Technologies’s payout ratio is presently 33.76%.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently modified their holdings of DELL. Optimist Retirement Group LLC lifted its position 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 during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Dell Technologies by 529.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock worth $1,661,000 after purchasing an additional 11,783 shares during the last quarter. Quest Partners LLC boosted its stake in Dell Technologies by 17.0% during the 3rd quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock valued at $164,000 after purchasing an additional 201 shares during the period. Cerity Partners LLC increased its position in Dell Technologies by 159.2% in the 3rd quarter. Cerity Partners LLC now owns 42,476 shares of the technology company’s stock worth $5,035,000 after buying an additional 26,086 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Dell Technologies by 85.3% during the third quarter. Daiwa Securities Group Inc. now owns 35,675 shares of the technology company’s stock worth $4,229,000 after buying an additional 16,420 shares during the last quarter. 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).