Dell Technologies (NYSE:DELL) Trading 2.9% Higher After Analyst Upgrade

Dell Technologies Inc. (NYSE:DELL) shot up 2.9% during trading on Tuesday after Raymond James raised their price target on the stock from $139.00 to $144.00. Raymond James currently has an outperform rating on the stock. Dell Technologies traded as high as $107.14 and last traded at $106.41. 1,606,104 shares changed hands during trading, a decline of 85% from the average session volume of 10,383,524 shares. The stock had previously closed at $103.42.

DELL has been the topic of several other reports. Wells Fargo & Company reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Loop Capital dropped their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Morgan Stanley lowered their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. UBS Group cut their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Evercore ISI decreased their price objective on shares of Dell Technologies from $145.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bellwether Advisors LLC acquired a new position in Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies during the 4th quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth about $28,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies in the first quarter worth about $25,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Up 4.3%

The business has a 50 day moving average price of $90.57 and a 200-day moving average price of $108.78. The firm has a market cap of $75.26 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

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).