Dell Technologies (NYSE:DELL) Stock Price Down 4.6% – Should You Sell?

Dell Technologies Inc. (NYSE:DELL)’s stock price fell 4.6% during mid-day trading on Friday . The stock traded as low as $92.92 and last traded at $92.66. 2,000,386 shares were traded during trading, a decline of 80% from the average session volume of 10,034,528 shares. The stock had previously closed at $97.10.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DELL shares. Barclays raised their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Loop Capital lowered their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, Bank of America cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Stock Down 4.9 %

The business has a 50-day simple moving average of $104.31 and a 200-day simple moving average of $116.28. The stock has a market cap of $64.68 billion, a P/E ratio of 16.32, a PEG 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 paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.27%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the 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 completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % 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 this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, 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. Insiders sold 824,937 shares of company stock worth $100,327,453 over the last ninety days. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after buying an additional 6,131,507 shares in the last quarter. Norges Bank acquired a new position in Dell Technologies during the fourth quarter worth $455,029,000. Vanguard Group Inc. lifted its holdings in shares of Dell Technologies by 10.5% during the fourth 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 during the period. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 2,641,456 shares in the last quarter. Finally, Michael & Susan Dell Foundation bought a new stake in shares of Dell Technologies in the 4th quarter worth about $265,052,000. 76.37% of the stock is owned by institutional investors.

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).