Dell Technologies (NYSE:DELL) Trading Up 0.4% Following Analyst Upgrade

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price was up 0.4% on Wednesday after Morgan Stanley raised their price target on the stock from $89.00 to $126.00. Morgan Stanley currently has an overweight rating on the stock. Dell Technologies traded as high as $116.13 and last traded at $114.67. Approximately 1,710,818 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 8,100,513 shares. The stock had previously closed at $114.23.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Raymond James raised their price objective on shares of Dell Technologies from $139.00 to $144.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Barclays lifted their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, Loop Capital decreased their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $134.65.

Insider Activity

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. The trade was a 3.15% 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. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred 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 in the company, valued at approximately $3,540,168.92. This represents a 2.38% 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

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after acquiring an additional 1,145,658 shares in the last quarter. Capital World Investors grew its position in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after purchasing an additional 72,271 shares during the last quarter. Geode Capital Management LLC increased its stake in Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after purchasing an additional 552,213 shares in the last quarter. Boston Partners raised its holdings in Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after buying an additional 1,312,600 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after buying an additional 1,142,012 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Up 0.5%

The firm has a 50 day simple moving average of $92.65 and a 200 day simple moving average of $108.35. The firm has a market capitalization of $80.09 billion, a PE ratio of 20.28, a P/E/G 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. Investors of record on Tuesday, April 22nd were issued a $0.525 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. 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 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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