Dell Technologies (NYSE:DELL) Trading 2% Higher Following Analyst Upgrade

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price rose 2% during trading on Friday after Citigroup raised their price target on the stock from $105.00 to $128.00. Citigroup currently has a buy rating on the stock. Dell Technologies traded as high as $113.28 and last traded at $113.04. Approximately 1,192,384 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 10,356,640 shares. The stock had previously closed at $110.87.

A number of other research firms also recently commented on DELL. UBS Group decreased their target price on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group reduced their price objective on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Barclays boosted their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their target price on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $135.06.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the company's 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 represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 46.70% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently bought and sold shares of the business. Allen Capital Group LLC grew its holdings in shares of Dell Technologies by 3.3% during the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company's stock worth $338,000 after purchasing an additional 95 shares during the last quarter. Brooklyn Investment Group boosted its stake in shares of Dell Technologies by 18.7% during the fourth quarter. Brooklyn Investment Group now owns 610 shares of the technology company's stock worth $70,000 after buying an additional 96 shares during the period. Bogart Wealth LLC boosted its stake in shares of Dell Technologies by 7.7% during the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after buying an additional 100 shares during the period. Tortoise Investment Management LLC boosted its stake in shares of Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after buying an additional 100 shares during the period. Finally, Vanguard Capital Wealth Advisors boosted its stake in shares of Dell Technologies by 5.9% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

The firm has a market cap of $78.63 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 1.10 and a beta of 0.99. The firm's 50 day moving average price is $91.37 and its two-hundred day moving average price is $108.73.

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 1.86%. 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%.

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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