Dell Technologies (NYSE:DELL) Stock Price Down 3% After Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL) shares dropped 3% on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $165.00 to $145.00. The Goldman Sachs Group currently has a buy rating on the stock. Dell Technologies traded as low as $92.41 and last traded at $92.72. Approximately 5,131,487 shares were traded during trading, a decline of 41% from the average daily volume of 8,729,166 shares. The stock had previously closed at $95.56.

Several other brokerages have also recently commented on DELL. Morgan Stanley dropped their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. UBS Group cut their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Melius Research upped their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.47.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 929,407 shares of company stock worth $113,411,626 in the last three months. Insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of large investors have recently added to or reduced their stakes in DELL. Siemens Fonds Invest GmbH raised its position in shares of Dell Technologies by 688.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 23,294 shares of the technology company’s stock valued at $2,684,000 after purchasing an additional 20,341 shares during the period. Park Square Financial Group LLC bought a new position in Dell Technologies in the 4th quarter valued at about $235,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dell Technologies during the fourth quarter worth approximately $38,464,000. Brucke Financial Inc. acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $264,000. Finally, Virtue Capital Management LLC bought a new position in shares of Dell Technologies during the fourth quarter worth approximately $413,000. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

The company has a fifty day moving average of $112.10 and a two-hundred day moving average of $118.30. The firm has a market capitalization of $65.12 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.26%. Dell Technologies’s dividend payout ratio is 33.76%.

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).