Dell Technologies (NYSE:DELL) Stock Price Up 4.7% - Should You Buy?

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares shot up 4.7% during trading on Thursday . The stock traded as high as $92.73 and last traded at $93.32. 1,628,971 shares were traded during mid-day trading, a decline of 81% from the average session volume of 8,709,325 shares. The stock had previously closed at $89.16.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Loop Capital reduced their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. 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 report on Monday, April 14th. Finally, TD Cowen reduced their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $134.65.

Dell Technologies Price Performance

The business has a 50 day moving average price of $93.29 and a two-hundred day moving average price of $111.07. The stock has a market cap of $65.91 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.22%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio is 33.76%.

Insider Buying and Selling

In other 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 value of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.70% of the stock is owned by insiders.

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optimist Retirement Group LLC lifted its position in shares of Dell Technologies by 27.3% in 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 period. Virtu Financial LLC purchased a new position in shares of Dell Technologies during the 3rd quarter worth approximately $894,000. Morse Asset Management Inc raised 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 acquiring an additional 13,646 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Dell Technologies in the 3rd quarter valued at approximately $198,000. Finally, Tidal Investments LLC boosted its position in shares of Dell Technologies by 49.0% during the third quarter. Tidal Investments LLC now owns 147,383 shares of the technology company's stock valued at $17,471,000 after purchasing an additional 48,436 shares in the last quarter. Hedge funds and other 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).