Dell Technologies (NYSE:DELL) Stock Price Down 0.7% Following Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL) dropped 0.7% during mid-day trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $160.00 to $150.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Dell Technologies traded as low as $110.11 and last traded at $111.47. Approximately 1,284,038 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 8,075,733 shares. The stock had previously closed at $112.31.

Several other analysts have also recently issued reports on DELL. Wells Fargo & Company raised their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. 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. Morgan Stanley boosted their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Barclays increased their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $147.47.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,132,390.40. This represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock worth $115,660,009 in the last quarter. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the 4th quarter worth $28,000. True Wealth Design LLC boosted its holdings in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. MCF Advisors LLC grew its position in shares of Dell Technologies by 132.0% during the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock valued at $34,000 after purchasing an additional 165 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Down 0.7 %

The company has a market capitalization of $78.13 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90. The business has a 50 day moving average of $114.20 and a 200 day moving average of $117.19.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. On average, research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current 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 issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is 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).