Brokerages Set Dell Technologies Inc. (NYSE:DELL) PT at $136.41

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $134.65.

Several research analysts have recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Loop Capital reduced their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Bank of America decreased their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, Citigroup lowered their target price 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.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $3.23 during trading hours on Monday, hitting $95.18. The stock had a trading volume of 1,374,804 shares, compared to its average volume of 10,362,237. The company has a market capitalization of $66.42 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.10 and a beta of 0.94. The firm's 50-day moving average price is $91.27 and its two-hundred day moving average price is $110.34. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.21%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

Insider Activity at Dell Technologies

In other Dell Technologies news, 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 transaction of $86,386.54. Following the sale, the chief accounting officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Institutional investors have recently bought and sold shares of the stock. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at $25,000. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies in the first quarter valued at about $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Finally, Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds 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).