Dell Technologies (NYSE:DELL) Stock Price Down 0.6% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s share price traded down 0.6% on Wednesday . The company traded as low as $97.80 and last traded at $98.25. 1,667,809 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 10,022,227 shares. The stock had previously closed at $98.86.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DELL. TD Cowen reduced their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. 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. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Citigroup dropped their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Morgan Stanley reduced their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Trading Down 4.9 %

The company has a market capitalization of $64.68 billion, a PE ratio of 16.32, a PEG ratio of 1.10 and a beta of 0.83. The company has a fifty day simple moving average of $104.66 and a 200-day simple moving average of $116.31.

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 given a dividend of $0.525 per share. 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 2.27%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now 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 transaction 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 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 transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 824,937 shares of company stock valued at $100,327,453 in the last 90 days. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several hedge funds have recently made changes to their positions in DELL. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth $25,000. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the fourth quarter valued at $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $28,000. Finally, True Wealth Design LLC boosted its position in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after acquiring an additional 253 shares in the last quarter. Institutional investors and hedge funds 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).