Dell Technologies (NYSE:DELL) Stock Price Up 2.1%

Dell Technologies Inc. (NYSE:DELL)’s share price rose 2.1% on Thursday . The company traded as high as $161.52 and last traded at $152.22. Approximately 17,936,248 shares changed hands during trading, an increase of 85% from the average daily volume of 9,677,042 shares. The stock had previously closed at $149.15.

Analyst Ratings Changes

Several research firms recently issued reports on DELL. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. The Goldman Sachs Group boosted their price target on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Loop Capital increased their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, Bank of America increased their price target on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

Dell Technologies Stock Down 2.3 %

The firm has a market cap of $103.59 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 1.84 and a beta of 0.85. The stock’s 50-day moving average is $136.39 and its 200-day moving average is $107.56.

Dell Technologies Announces Dividend

The business also recently disclosed 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. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the sale, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the transaction, the director now owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,857,539 shares of company stock worth $781,118,135. 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 modified their holdings of the stock. DekaBank Deutsche Girozentrale grew its position in Dell Technologies by 83.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after acquiring an additional 1,011,512 shares during the period. Cambridge Trust Co. grew its holdings in shares of Dell Technologies by 89.6% in the 1st quarter. Cambridge Trust Co. now owns 2,406 shares of the technology company’s stock worth $275,000 after purchasing an additional 1,137 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Dell Technologies by 259.3% during the 1st quarter. Cetera Advisors LLC now owns 29,532 shares of the technology company’s stock worth $3,370,000 after purchasing an additional 21,312 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Dell Technologies by 156.3% during the 1st quarter. Cetera Investment Advisers now owns 82,664 shares of the technology company’s stock valued at $9,433,000 after purchasing an additional 50,411 shares during the last quarter. Finally, PGGM Investments boosted its position in Dell Technologies by 5.7% in the first quarter. PGGM Investments now owns 62,481 shares of the technology company’s stock valued at $7,130,000 after buying an additional 3,372 shares in the last quarter. Institutional investors own 38.10% 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).