Dell Technologies (NYSE:DELL) Stock Price Down 2.5% – Here’s Why

Dell Technologies Inc. (NYSE:DELL)’s share price traded down 2.5% on Tuesday . The company traded as low as $94.92 and last traded at $95.17. 1,236,590 shares traded hands during trading, a decline of 88% from the average session volume of 10,077,991 shares. The stock had previously closed at $97.66.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DELL. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft reduced their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. UBS Group reduced their price target 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. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, Citigroup reduced their price target on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three equities 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, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Trading Down 1.2 %

The firm has a 50-day simple moving average of $107.25 and a two-hundred day simple moving average of $117.08. The company has a market capitalization of $67.60 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business 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. 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 2.18%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated 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 sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 824,937 shares of company stock valued at $100,327,453. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Hedge funds have recently modified their holdings of the company. State Street Corp lifted its stake in Dell Technologies by 92.4% in 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 buying an additional 6,131,507 shares in the last quarter. Norges Bank purchased a new position in Dell Technologies in the 4th quarter valued at about $455,029,000. Vanguard Group Inc. lifted its stake in Dell Technologies by 10.5% in 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 buying an additional 2,662,407 shares in the last quarter. Geode Capital Management LLC lifted its stake in Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after buying an additional 2,641,456 shares in the last quarter. Finally, Michael & Susan Dell Foundation purchased a new position in Dell Technologies in the 4th quarter valued at about $265,052,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).