Dell Technologies (NYSE:DELL) Sees Unusually-High Trading Volume

Dell Technologies Inc. (NYSE:DELL) shares saw unusually-strong trading volume on Monday . Approximately 5,181,346 shares were traded during mid-day trading, a decline of 44% from the previous session’s volume of 9,213,144 shares.The stock last traded at $139.08 and had previously closed at $134.98.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DELL shares. JPMorgan Chase & Co. increased their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Sanford C. Bernstein raised their target price on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Citigroup raised their target price on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Bank of America raised their target price on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, UBS Group raised their target price on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $135.81.

Dell Technologies Trading Up 5.1 %

The firm has a market cap of $106.58 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.85. The stock has a 50-day moving average of $134.84 and a two-hundred day moving average of $106.44.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the sale, the director now directly owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the sale, the director now directly owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 1,019,203 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $110.06, for a total value of $112,173,482.18. Following the sale, the director now directly owns 535,816 shares of the company’s stock, valued at $58,971,908.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,876,742 shares of company stock valued at $893,291,618. Corporate insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies during the 4th quarter valued at about $25,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Dell Technologies during the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. increased its holdings in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares during the last quarter. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies during the 1st quarter valued at about $30,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Company Profile

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).