Dell Technologies (NYSE:DELL) Trading Down 0.1% Following Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL) shares fell 0.1% during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $154.00 to $128.00. Morgan Stanley currently has an overweight rating on the stock. Dell Technologies traded as low as $109.79 and last traded at $110.10. 1,577,513 shares were traded during mid-day trading, a decline of 80% from the average session volume of 7,826,999 shares. The stock had previously closed at $110.26.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday. Citigroup lowered their price target on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Barclays lifted their price target on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.94.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares in the company, valued at $28,739,678.58. This trade represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 945,407 shares of company stock worth $115,564,106. Insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DELL. Vision Financial Markets LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $28,000. True Wealth Design LLC grew its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

The stock’s fifty day moving average price is $113.36 and its 200 day moving average price is $117.10. The stock has a market capitalization of $77.17 billion, a P/E ratio of 19.47, a PEG ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, sell-side analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 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).