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

Dell Technologies Inc. (NYSE:DELL)’s share price traded down 4.7% during 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.

A number of other brokerages have also recently issued reports on DELL. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Mizuho lowered their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Morgan Stanley lowered their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Insider Activity at Dell Technologies

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DELL. Bellwether Advisors LLC acquired a new position in Dell Technologies during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC acquired a new position in Dell Technologies during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies during the 4th quarter worth approximately $28,000. Finally, True Wealth Design LLC raised its stake in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

The business has a 50 day moving average of $113.00 and a two-hundred day moving average of $118.08. The firm has a market capitalization of $79.91 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.62 earnings per share. On average, equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.56%. 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).