Dell Technologies (NYSE:DELL) Shares Down 0.2% on Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL) shares traded down 0.2% during mid-day trading on Wednesday after Bank of America lowered their price target on the stock from $155.00 to $150.00. Bank of America currently has a buy rating on the stock. Dell Technologies traded as low as $118.25 and last traded at $120.10. 1,470,146 shares were traded during mid-day trading, a decline of 82% from the average session volume of 8,292,926 shares. The stock had previously closed at $120.34.

Other research analysts have also recently issued reports about the stock. Mizuho decreased their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Citigroup reduced their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Finally, Morgan Stanley decreased their price objective on shares of 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 issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $145.65.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. This represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction dated 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 sale, the director now directly owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. This represents a 11.77 % 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. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DELL. Intrepid Financial Planning Group LLC grew its holdings in shares of Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after buying an additional 80 shares in the last quarter. Smithfield Trust Co increased its position in Dell Technologies by 8.0% during the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after purchasing an additional 84 shares during the last quarter. Graypoint LLC increased its holdings in shares of Dell Technologies by 4.3% during the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after buying an additional 86 shares during the last quarter. ASB Consultores LLC lifted its stake in shares of Dell Technologies by 4.6% in the 3rd quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after purchasing an additional 87 shares during the last quarter. Finally, Equitable Trust Co. raised its holdings in Dell Technologies by 3.1% in the 3rd quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after buying an additional 88 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

The company’s 50 day simple moving average is $113.06 and its two-hundred day simple moving average is $117.38. The company has a market cap of $84.18 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its earnings results 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 firm had revenue of $24.37 billion for 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 business’s quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared 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. This represents a $1.78 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

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).