Dell Technologies (NYSE:DELL) Trading 3.4% Higher - What's Next?

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price rose 3.4% during trading on Tuesday . The stock traded as high as $84.61 and last traded at $84.63. Approximately 1,060,205 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 10,351,519 shares. The stock had previously closed at $81.87.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America dropped their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their target price on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. TD Cowen cut their price target on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research note on Friday, February 28th. UBS Group lowered their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Finally, Loop Capital cut their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $136.41.

Dell Technologies Stock Performance

The stock has a market cap of $66.30 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The company has a 50-day simple moving average of $93.29 and a two-hundred day simple moving average of $111.17.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.76%.

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 46.70% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently modified their holdings of the business. Mather Group LLC. grew its position in Dell Technologies by 113.3% in the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after acquiring an additional 554 shares during the last quarter. Hixon Zuercher LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $2,608,000. Deseret Mutual Benefit Administrators grew its holdings in shares of Dell Technologies by 59.0% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,027 shares of the technology company's stock valued at $94,000 after purchasing an additional 381 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies during the 1st quarter worth approximately $25,000. Finally, Advisors Management Group Inc. ADV boosted its position in Dell Technologies by 63.5% in the first quarter. Advisors Management Group Inc. ADV now owns 31,245 shares of the technology company's stock valued at $2,848,000 after buying an additional 12,131 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

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).