Dell Technologies (NYSE:DELL) Stock Price Down 5.5% After Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL) fell 5.5% during mid-day trading on Friday after UBS Group lowered their price target on the stock from $158.00 to $150.00. UBS Group currently has a buy rating on the stock. Dell Technologies traded as low as $99.00 and last traded at $101.86. 9,765,437 shares traded 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.

Other equities analysts have also issued research reports about the stock. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Citigroup dropped their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 21st. 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. Wells Fargo & Company lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies during the 4th quarter valued at about $1,272,000. iA Global Asset Management Inc. increased its position in Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 5,203 shares during the period. National Pension Service increased its position in Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after purchasing an additional 50,304 shares during the period. Sky Investment Group LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $1,687,000. Finally, Enclave Advisors LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $848,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 4.6 %

The firm has a market cap of $72.04 billion, a PE ratio of 18.17, a P/E/G ratio of 1.10 and a beta of 0.90. The business’s 50-day simple moving average is $112.57 and its 200 day simple moving average is $118.17.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) 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 the consensus estimate of $24.67 billion. During the same quarter in the previous year, the firm earned $1.62 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is presently 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).