Dell Technologies (NYSE:DELL) Trading 2.4% Higher – Still a Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price traded up 2.4% during trading on Monday . The stock traded as high as $98.00 and last traded at $97.95. 1,247,195 shares were traded during mid-day trading, a decline of 85% from the average session volume of 8,508,842 shares. The stock had previously closed at $95.67.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DELL. Barclays upped their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Wells Fargo & Company decreased 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. Bank of America decreased their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley decreased their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, Melius Research upped their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Price Performance

The stock’s 50-day moving average is $106.75 and its 200-day moving average is $116.94. The stock has a market cap of $67.54 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

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 given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.18%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Insider Buying and Selling

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Dell Technologies by 10.5% during 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 acquiring an additional 2,662,407 shares in the last quarter. State Street Corp lifted its holdings in shares of Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Capital World Investors increased its stake 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 worth $1,436,000,000 after buying an additional 72,271 shares during the period. 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 worth $789,680,000 after buying an additional 552,213 shares during the period. Finally, Norges Bank purchased a new stake in Dell Technologies during the 4th quarter worth $455,029,000. 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).