Dell Technologies (NYSE: DELL) Stock Price Down 0.9% - Here's Why

Dell Technologies Inc. (NYSE: DELL) experienced a decline of 0.9% in its share price on Monday, closing at $90.68 after reaching a low of $88.76. The trading volume amounted to 2,371,328 shares, marking a 73% drop from the average daily volume of 8,737,137 shares, with the previous close at $91.46.

Analyst Ratings Changes

Several analysts have recently updated their ratings for Dell Technologies. On February 28th, TD Cowen decreased their price target for Dell from $128.00 to $120.00 while maintaining a "hold" rating. Mizuho also adjusted their price target downwards from $155.00 to $150.00, designating an "outperform" rating. In a report on March 4th, Loop Capital lowered its price objective from $185.00 to $130.00, continuing to label the stock as a "buy." Additionally, Citigroup cut its target from $156.00 to $145.00, issuing a "buy" rating on February 21st. Wells Fargo also decreased their price target from $160.00 to $150.00 while giving an "overweight" rating. Presently, three analysts rate Dell as a hold, while sixteen have given it a buy rating, resulting in a consensus rating of "Moderate Buy" with an average target price of $141.24, according to MarketBeat.

Dell Technologies Stock Performance

Dell Technologies has a market capitalization of $63.27 billion, with a price-to-earnings ratio of 15.96 and a P/E/G ratio of 1.10. The stock has a beta of 0.83, indicating relatively stable performance compared to the market. Dell's fifty-day moving average is $110.13, while the two-hundred-day moving average is $117.81.

Dell Technologies Increases Dividend

The company recently declared a quarterly dividend of $0.525 per share, which will be distributed on May 2nd to shareholders on record as of April 22nd. This is an increase from the previous dividend of $0.45, translating to an annualized dividend of $2.10, resulting in a dividend yield of 2.32%. Presently, Dell Technologies has a dividend payout ratio (DPR) of 33.76%.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell's stock recently, with an average selling price of $119.73, totaling about $59.75 million. This transaction represents a 38.10% reduction in their holdings. Following this sale, the director now owns approximately 810,657 shares, valued at around $97 million. Additionally, Director Radakovich Lynn Vojvodich sold 725 shares at an average price of $120.00, resulting in a total value of $87,000. After this sell-off, they own 23,680 shares worth about $2.84 million. Insiders have sold a total of 825,662 shares valued at over $100 million in the past quarter, with insiders retaining about 46.70% ownership of the stock.

Institutional Investors Weigh In On Dell Technologies

Recently, several institutional investors have adjusted their stakes in Dell Technologies. For example, Bellwether Advisors LLC purchased a new position during the fourth quarter, estimated at about $25,000. Likewise, Vision Financial Markets LLC acquired shares worth roughly $26,000, while Lee Danner & Bass Inc. and Byrne Asset Management LLC also bought new stakes valued at approximately $26,000 and $28,000, respectively. Notably, True Wealth Design LLC increased its holdings in Dell Technologies by a staggering 2,530.0%, now owning 263 shares after acquiring 253 additional shares last quarter. Currently, 76.37% of Dell Technologies stock is owned by institutional investors and hedge funds.

About Dell Technologies

Dell Technologies Inc. is involved in designing, developing, manufacturing, marketing, selling, and supporting a broad array of integrated solutions, products, and services globally. The company operates through two main segments: the Infrastructure Solutions Group (ISG) and the Client Solutions Group (CSG).

Should You Invest $1,000 in Dell Technologies Right Now?

Before making a decision regarding an investment in Dell Technologies, investors should examine other options available in the market. Although Dell currently holds a Moderate Buy rating from analysts, there are other stocks that are attracting significant attention and are being recommended as potentially better investments.

Dell, Stocks, Dividends