Dell Technologies (NYSE:DELL) Stock Price Up 4.7% – What’s Next?

Dell Technologies Inc. (NYSE:DELL) shares shot up 4.7% during trading on Friday . The company traded as high as $96.44 and last traded at $96.75. 1,480,790 shares changed hands during trading, a decline of 83% from the average session volume of 8,559,607 shares. The stock had previously closed at $92.45.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DELL. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley cut their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. UBS Group cut their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Three investment 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.com, the company has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Trading Up 3.6 %

The firm has a market cap of $67.08 billion, a P/E ratio of 16.92, a PEG ratio of 1.10 and a beta of 0.83. The firm has a 50-day simple moving average of $107.79 and a 200-day simple moving average of $117.13.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.19%. The ex-dividend date is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 825,662 shares of company stock worth $100,414,453. Insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies in the 4th quarter worth $1,272,000. iA Global Asset Management Inc. raised its stake in Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares during the last quarter. Sky Investment Group LLC purchased a new position in Dell Technologies in the 4th quarter worth $1,687,000. Enclave Advisors LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at about $848,000. Finally, Empowered Funds LLC raised its stake in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after buying an additional 3,470 shares during the last quarter. Hedge funds and other 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).