Dell Technologies (NYSE:DELL) Trading Down 4.7% After Analyst Downgrade

Shares of Dell Technologies Inc. (NYSE:DELL) traded down 4.7% during mid-day trading on Monday after Citigroup lowered their price target on the stock from $156.00 to $145.00. Citigroup currently has a buy rating on the stock. Dell Technologies traded as low as $111.03 and last traded at $112.11. 2,490,991 shares were traded during trading, a decline of 69% from the average session volume of 8,114,623 shares. The stock had previously closed at $117.60.

DELL has been the topic of a number of other research reports. Bank of America lowered their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft lowered their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Wells Fargo & Company raised their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Barclays raised their target price on Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now owns 777,347 shares of the company’s stock, valued at $97,386,032.16. This represents a 11.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the sale, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 937,407 shares of company stock valued at $114,418,186. 46.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Optimist Retirement Group LLC increased its holdings in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Dell Technologies by 132.1% in the third quarter. Blue Trust Inc. now owns 1,409 shares of the technology company’s stock valued at $167,000 after buying an additional 802 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of Dell Technologies by 56.9% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,802 shares of the technology company’s stock valued at $806,000 after buying an additional 2,466 shares in the last quarter. Highland Capital Management LLC grew its stake in shares of Dell Technologies by 112.4% in the third quarter. Highland Capital Management LLC now owns 9,456 shares of the technology company’s stock valued at $1,121,000 after buying an additional 5,003 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Dell Technologies in the third quarter valued at $1,920,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

The firm has a market capitalization of $79.77 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.10 and a beta of 0.90. The stock has a 50 day moving average price of $113.11 and a two-hundred day moving average price of $117.92.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the firm posted $1.62 EPS. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.56%. Dell Technologies’s payout ratio is 31.45%.

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).