Dell Technologies (NYSE:DELL) Stock Price Up 2.1% - Here's Why

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) rose 2.1% during trading on Tuesday . The company traded as high as $115.05 and last traded at $114.50. Approximately 1,444,854 shares changed hands during trading, a decline of 86% from the average daily volume of 10,208,630 shares. The stock had previously closed at $112.11.

Analysts Set New Price Targets

DELL has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of Dell Technologies from $105.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Evercore ISI upped their target price on shares of Dell Technologies from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. 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. Morgan Stanley upped their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Finally, Bank of America decreased their price target on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and an average target price of $135.82.

Dell Technologies Trading Down 0.2%

The stock's 50-day moving average is $94.15 and its 200-day moving average is $107.57. The stock has a market cap of $79.40 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.85%. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

Institutional Trading of Dell Technologies

A number of hedge funds have recently made changes to their positions in DELL. Nisa Investment Advisors LLC lifted its position in shares of Dell Technologies by 31.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,512 shares of the technology company's stock worth $1,211,000 after purchasing an additional 2,502 shares in the last quarter. Brighton Jones LLC raised its position in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after purchasing an additional 901 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Dell Technologies by 14.1% during the 4th quarter. Fifth Third Bancorp now owns 30,809 shares of the technology company's stock worth $3,550,000 after buying an additional 3,816 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Dell Technologies by 86.1% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 3,559 shares of the technology company's stock worth $410,000 after buying an additional 1,647 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Dell Technologies by 59.1% during the 4th quarter. Flagship Harbor Advisors LLC now owns 4,136 shares of the technology company's stock worth $477,000 after buying an additional 1,536 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).