Dell Technologies (NYSE:DELL) Shares Down 0.2%

Dell Technologies Inc. (NYSE:DELLGet Free Report) shares dropped 0.2% on Wednesday . The stock traded as low as $130.10 and last traded at $131.32. Approximately 5,045,909 shares changed hands during trading, a decline of 45% from the average daily volume of 9,093,115 shares. The stock had previously closed at $131.64.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DELL shares. TD Cowen boosted their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. Morgan Stanley upped their price target on shares of Dell Technologies from $152.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Wells Fargo & Company upped their price target on Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Evercore ISI lifted their price target on Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Finally, Sanford C. Bernstein increased their price objective on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

View Our Latest Analysis on DELL

Dell Technologies Trading Down 0.0 %

The firm has a market cap of $96.35 billion, a PE ratio of 27.53, a P/E/G ratio of 1.63 and a beta of 0.85. The stock’s 50 day moving average price is $133.99 and its 200 day moving average price is $104.59.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.32%. Dell Technologies’s payout ratio is currently 36.33%.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 41,550 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $107.03, for a total value of $4,447,096.50. Following the transaction, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at approximately $3,894,791,624.57. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the transaction, the chief executive officer now owns 36,389,719 shares of the company’s stock, valued at $3,894,791,624.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 139,419 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the completion of the sale, the chief executive officer now directly owns 30,272,822 shares of the company’s stock, valued at $4,122,552,899.96. The disclosure for this sale can be found here. Insiders have sold 6,510,156 shares of company stock worth $780,049,693 in the last quarter. 46.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies during the fourth quarter valued at $25,000. Massmutual Trust Co. FSB ADV lifted its position in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the last quarter. Anchor Investment Management LLC bought a new position in Dell Technologies in the 4th quarter worth about $26,000. Pinnacle Bancorp Inc. increased its stake in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies during the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

About Dell Technologies

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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).

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