Dell Technologies Inc. (NYSE:DELL - Get Free Report) CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $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 can be accessed through this hyperlink.
Dell Technologies Price Performance
DELL opened at $91.85 on Wednesday. The company has a market capitalization of $64.34 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The business has a fifty day simple moving average of $103.54 and a 200 day simple moving average of $116.03. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70.
Dell Technologies Increases Dividend
The firm also recently declared 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 an increase from Dell Technologies's previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.29%. Dell Technologies's dividend payout ratio is 33.76%.
Institutional Trading of Dell Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of DELL. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Dell Technologies by 80.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,164 shares of the technology company's stock worth $106,000 after purchasing an additional 519 shares during the period. Chancellor Financial Group WB LP bought a new position in Dell Technologies during the 4th quarter worth $313,000. California State Teachers Retirement System raised its holdings in Dell Technologies by 9.5% in the 4th quarter. California State Teachers Retirement System now owns 505,496 shares of the technology company's stock valued at $58,253,000 after acquiring an additional 43,715 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Dell Technologies during the 4th quarter valued at $32,599,000. Finally, Centaurus Financial Inc. grew its holdings in shares of Dell Technologies by 25.2% during the 4th quarter. Centaurus Financial Inc. now owns 7,695 shares of the technology company's stock worth $887,000 after purchasing an additional 1,547 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on DELL shares. Citigroup reduced their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Barclays raised their price target on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company cut their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. TD Cowen lowered their target price on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $141.24.
Read Our Latest Stock Report on Dell Technologies
Dell Technologies Company Profile
(
Get Free Report)
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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