Dell Technologies (NYSE:DELL) Stock Price Down 0.6% - What's Next?

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price traded down 0.6% during mid-day trading on Thursday . The stock traded as low as $110.66 and last traded at $111.29. 1,220,046 shares traded hands during trading, a decline of 85% from the average session volume of 8,070,852 shares. The stock had previously closed at $111.93.

Analysts Set New Price Targets

Several analysts have recently commented on DELL shares. JPMorgan Chase & Co. reduced their price target 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, April 17th. The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. TD Cowen cut their price objective on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Finally, Bank of America reduced their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.65.

Dell Technologies Price Performance

The firm has a market cap of $78.52 billion, a PE ratio of 19.87, a PEG ratio of 1.10 and a beta of 0.99. The company has a 50 day moving average price of $92.97 and a 200 day moving average price of $108.37.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a $0.525 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.87%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction 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 $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares of the company's stock, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Dell Technologies in the 4th quarter worth about $455,029,000. Vanguard Group Inc. boosted 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. Michael & Susan Dell Foundation bought a new stake in Dell Technologies during the fourth quarter valued at $265,052,000. Janus Henderson Group PLC raised its holdings in shares of Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after purchasing an additional 1,865,013 shares during the period. Finally, Swedbank AB lifted its position in shares of Dell Technologies by 803.6% in the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after buying an additional 1,690,709 shares during the last quarter. 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).

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