Dell Technologies (NYSE:DELL) Trading 0.4% Higher on Analyst Upgrade

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) shot up 0.4% on Tuesday after Mizuho raised their price target on the stock from $140.00 to $145.00. Mizuho currently has an outperform rating on the stock. Dell Technologies traded as high as $115.50 and last traded at $114.78. 1,103,611 shares changed hands during trading, a decline of 89% from the average session volume of 10,319,264 shares. The stock had previously closed at $114.28.

A number of other equities analysts have also weighed in on the stock. TD Cowen dropped their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Raymond James increased their target price on Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $134.76.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction 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 owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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 $27,235,083.20. This represents 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 Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Dell Technologies during the fourth quarter worth $455,029,000. Vanguard Group Inc. lifted its stake in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after buying an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation acquired a new position in shares of Dell Technologies during the fourth quarter valued at approximately $265,052,000. Janus Henderson Group PLC lifted its position in shares of Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after acquiring an additional 1,865,013 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of Dell Technologies by 803.6% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Performance

The firm has a market capitalization of $80.10 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The stock's 50 day simple moving average is $92.21 and its two-hundred day simple moving average is $108.31.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.83%. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Dell Technologies Company Profile

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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