Dell Technologies (NYSE:DELL) Price Target Lowered to $156.00 at Citigroup

Dell Technologies (NYSE:DELL) had its price target lowered by Citigroup from $160.00 to $156.00 in a research report report published on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

DELL has been the topic of several other research reports. Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Susquehanna began coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price on the stock. UBS Group reduced their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen reduced their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.18.

Dell Technologies Price Performance

Shares of DELL stock opened at $124.38 on Wednesday. The firm has a market cap of $87.36 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. The company has a 50-day moving average of $127.08 and a two-hundred day moving average of $126.95. Dell Technologies has a 1-year low of $67.51 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 earnings per share. Sell-side analysts anticipate that Dell Technologies will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.43%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Transactions at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,962,112 shares of company stock worth $2,114,595,059. Insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its position in Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after buying an additional 1,002,117 shares during the last quarter. Tidal Investments LLC grew its position in Dell Technologies by 49.0% in the 3rd quarter. Tidal Investments LLC now owns 147,383 shares of the technology company’s stock valued at $17,471,000 after buying an additional 48,436 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Dell Technologies in the 3rd quarter valued at $198,000. Morse Asset Management Inc grew its position in Dell Technologies by 180.1% in the 3rd quarter. Morse Asset Management Inc now owns 21,223 shares of the technology company’s stock valued at $2,516,000 after buying an additional 13,646 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Dell Technologies in the 3rd quarter valued at $894,000. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

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).