Dell Technologies (NYSE:DELL) Shares Up 1.8% – What’s Next?

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DELL shares. UBS Group reduced their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. TD Cowen dropped their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Loop Capital cut their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

Dell Technologies Stock Performance

The stock has a 50-day simple moving average of $95.82 and a 200 day simple moving average of $112.24. The company has a market cap of $59.22 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is 33.76%.

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’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 completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DELL. Optimist Retirement Group LLC raised its holdings 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 purchasing an additional 463 shares during the last quarter. Virtu Financial LLC acquired a new stake in Dell Technologies during the 3rd quarter worth $894,000. Morse Asset Management Inc boosted its position in shares of Dell Technologies by 180.1% in the 3rd quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock worth $2,516,000 after purchasing an additional 13,646 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Dell Technologies in the third quarter valued at about $198,000. Finally, Tidal Investments LLC raised its position in shares of Dell Technologies by 49.0% in the 3rd quarter. Tidal Investments LLC now owns 147,383 shares of the technology company’s stock valued at $17,471,000 after acquiring an additional 48,436 shares during the period. Institutional investors own 76.37% of the company’s stock.

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).