Dell Technologies (NYSE:DELL) Shares Down 5.5% Following Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL)’s stock price fell 5.5% on Friday after TD Cowen lowered their price target on the stock from $128.00 to $120.00. TD Cowen currently has a hold rating on the stock. Dell Technologies traded as low as $99.00 and last traded at $101.86. 9,765,437 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 8,444,978 shares. The stock had previously closed at $107.83.

A number of other equities analysts also recently issued reports on the company. Melius Research raised their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Barclays lifted their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $144.53.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the transaction, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 937,407 shares of company stock valued at $114,418,186. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently bought and sold shares of the business. Bellwether Advisors LLC bought a new stake in Dell Technologies in the fourth quarter worth $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies during the 4th quarter worth approximately $28,000. Finally, True Wealth Design LLC boosted its position in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 5.8 %

The business has a fifty day simple moving average of $112.83 and a 200 day simple moving average of $118.12. The stock has a market capitalization of $71.14 billion, a P/E ratio of 18.00, a price-to-earnings-growth 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, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the prior year, the firm posted $1.62 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.75%. Dell Technologies’s dividend payout ratio is currently 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).