Dell Technologies (NYSE:DELL) Shares Gap Down – Time to Sell?

Dell Technologies Inc. (NYSE:DELL) shares gapped down prior to trading on Friday . The stock had previously closed at $97.10, but opened at $94.38. Dell Technologies shares last traded at $93.21, with a volume of 1,124,463 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on DELL. Loop Capital decreased their target price 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. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Barclays boosted their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, TD Cowen dropped their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Trading Down 4.9 %

The company has a market capitalization of $64.68 billion, a PE ratio of 16.32, a P/E/G ratio of 1.10 and a beta of 0.83. The stock has a fifty day simple moving average of $104.31 and a 200-day simple moving average of $116.28.

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 paid a $0.525 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies during the fourth quarter worth about $1,272,000. iA Global Asset Management Inc. increased its holdings in shares of Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 5,203 shares during the period. Sky Investment Group LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $1,687,000. Enclave Advisors LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth $848,000. Finally, Empowered Funds LLC grew its position in Dell Technologies by 12.9% in the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after buying an additional 3,470 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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).