Dell Technologies (NYSE:DELL) Shares Up 1.8% – Time to Buy?

Dell Technologies Inc. (NYSE:DELL) shares shot up 1.8% during mid-day trading on Friday . The stock traded as high as $85.42 and last traded at $84.86. 6,234,455 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 10,382,100 shares. The stock had previously closed at $83.36.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley cut their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. TD Cowen cut their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Barclays boosted their target price 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. Citigroup lowered their price target on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Wells Fargo & Company dropped their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $136.41.

Dell Technologies Price Performance

The business’s 50-day moving average is $95.82 and its 200 day moving average is $112.24. The firm has a market capitalization of $59.22 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.47%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Activity

In related news, 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 sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Capital World Investors grew its stake in shares of 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 during the period. Geode Capital Management LLC increased 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. Norges Bank bought a new position in Dell Technologies in the fourth quarter worth approximately $455,029,000. Finally, Northern Trust Corp grew its stake in Dell Technologies by 16.1% in the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company’s stock valued at $382,281,000 after acquiring an additional 460,483 shares during the period. 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).