Dell Technologies (NYSE:DELL) Stock Price Down 2.8% - Time to Sell?

Shares of Dell Technologies Inc. (NYSE:DELL) fell by 2.8% during mid-day trading on Monday. The stock dropped as low as $88.40 and settled at $89.68. In total, about 1,596,621 shares changed hands, which is significantly lower than the average daily volume of 10,226,299 shares. The previous closing price was $92.29.

Wall Street Analysts Forecast Growth

Dell Technologies has recently been analyzed by several Wall Street experts. Citigroup adjusted their target price from $156.00 to $145.00, maintaining a "buy" rating for the company as of February 21st. Barclays updated their price objective from $115.00 to $116.00 and rated the stock as "equal weight" on February 28th. OTR Global shifted their assessment from "negative" to "positive" on February 12th. Meanwhile, Morgan Stanley reduced their price target from $154.00 to $128.00 and kept an "overweight" rating on February 13th. Lastly, Bank of America lowered their price target from $155.00 to $150.00, holding a "buy" rating on February 18th. Overall, three analysts suggest a hold on the stock while sixteen recommend a buy, leading to a consensus rating of "Moderate Buy" with an average price target of $141.24.

Dell Technologies Trading Down 1.6 %

The company's market capitalization stands at $63.58 billion, with a price-to-earnings (P/E) ratio of 16.07. Its price-to-earnings-growth (PEG) ratio is 1.10, and the stock has a beta of 0.83. Additionally, the stock's 50-day moving average price is recorded at $104.31, while the two-hundred-day moving average price is $116.33.

Dell Technologies Increases Dividend

On a positive note, Dell Technologies has announced an increase in its quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record by Tuesday, April 22nd, will receive a dividend of $0.525, a rise from the previous quarterly dividend of $0.45. The ex-dividend date aligns with April 22nd. This change results in an annualized dividend of $2.10, yielding 2.31% with a payout ratio of 33.76%.

Insiders Place Their Bets

In other news regarding Dell Technologies, Director Radakovich Lynn Vojvodich sold 725 shares on January 22nd at an average price of $120.00, totaling about $87,000. Following this transaction, Vojvodich holds around 23,680 shares valued at approximately $2,841,600, indicating a 2.97% decrease in ownership. Another director, V (Gp) L.L.C. Slta, sold 325,167 shares on January 6th at an average price of $124.52 for approximately $40.49 million, reducing their position by 28.63%. In total, insiders have disposed of 824,937 shares worth $100,327,453 in the past ninety days, with insiders currently owning 46.70% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Recently, institutional investors have adjusted their stakes in Dell Technologies. Vanguard Group Inc. increased its holdings by 10.5% in the fourth quarter, owning 27,960,560 shares valued at approximately $3.22 billion after adding 2,662,407 shares. State Street Corp ramped up their position by 92.4% during the third quarter, owning 12,767,011 shares worth $1.51 billion following an acquisition of 6,131,507 shares. Capital World Investors raised its stake by 0.6%, owning 12,460,949 shares valued around $1.44 billion after adding 72,271 shares. Geode Capital Management LLC increased its holdings by 8.7%, owning 6,870,042 shares worth about $789.68 million after buying 552,213 shares. Norges Bank also acquired a new stake of around $455 million in the fourth quarter. Altogether, hedge funds and institutional investors control 76.37% of the stock.

Dell Technologies Company Profile

Dell Technologies Inc. designs and develops a wide array of integrated solutions, products, and services across the globe. The company operates mainly through two segments: the Infrastructure Solutions Group (ISG) and the Client Solutions Group (CSG).

Conclusion

As DELL's stock experiences fluctuations, potential investors might wonder whether it is time to sell. While some analysts continue to express bullish sentiments towards the stock, the recent declines could prompt investors to reassess their positions. Individuals considering investing should remain informed and evaluate their options carefully.

stocks, Dell, investing