Dell Technologies (NYSE:DELL) Shares Up 0.8% - Here's Why

Dell Technologies Inc. (NYSE:DELL - Get Free Report) shares were up 0.8% during trading on Thursday . The stock traded as high as $84.35 and last traded at $84.05. Approximately 1,060,948 shares changed hands during trading, a decline of 90% from the average daily volume of 10,342,068 shares. The stock had previously closed at $83.36.

Analyst Ratings Changes

DELL has been the subject of several research reports. TD Cowen lowered their target price on Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a report on Friday, February 28th. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. UBS Group decreased their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $136.41.

Dell Technologies Price Performance

The stock's fifty day moving average is $95.82 and its 200-day moving average is $112.22. The stock has a market capitalization of $57.59 billion, a PE ratio of 14.58, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.54%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is currently 33.76%.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 sale, the chief accounting officer now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company's stock.

Institutional Trading of Dell Technologies

Hedge funds have recently bought and sold shares of the business. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in Dell Technologies in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the fourth quarter valued at $28,000. Finally, Crowley Wealth Management Inc. raised its holdings in Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after buying an additional 150 shares during the period. 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).