Dell Technologies (NYSE:DELL) Shares Down 3.2% on Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL)’s share price was down 3.2% on Thursday after Morgan Stanley lowered their price target on the stock from $154.00 to $128.00. Morgan Stanley currently has an overweight rating on the stock. Dell Technologies traded as low as $109.26 and last traded at $109.34. 2,275,012 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 7,886,983 shares. The stock had previously closed at $112.92.

Several other brokerages also recently weighed in on DELL. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Citigroup decreased their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $145.94.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction 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 transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 945,407 shares of company stock worth $115,564,106. 46.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently bought and sold shares of DELL. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies during the 4th quarter worth approximately $28,000. True Wealth Design LLC increased its position in shares of Dell Technologies by 2,530.0% in 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. Finally, MCF Advisors LLC raised its holdings in shares of Dell Technologies by 132.0% in the 3rd 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. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

The company’s 50-day moving average price is $113.66 and its 200-day moving average price is $117.15. The firm has a market capitalization of $77.27 billion, a PE ratio of 19.49, a PEG ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results 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 negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the business earned $1.62 EPS. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.445 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.61%. Dell Technologies’s dividend payout ratio is presently 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).