Dell Technologies (NYSE:DELL) Stock Price Down 0.2% Following Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL) was down 0.2% during trading on Wednesday after Bank of America lowered their price target on the stock from $155.00 to $150.00. Bank of America currently has a buy rating on the stock. Dell Technologies traded as low as $118.25 and last traded at $120.10. Approximately 1,470,146 shares changed hands during trading, a decline of 82% from the average daily volume of 8,292,926 shares. The stock had previously closed at $120.34.

A number of other analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research report on Monday, December 2nd. JPMorgan Chase & Co. cut their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company lifted their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Mizuho dropped their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, Barclays lifted their price target on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.65.

Insiders Place Their Bets

In other news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,564,106 in the last 90 days. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of DELL. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $25,000. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies during the 4th quarter valued at $28,000. Finally, 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 acquiring an additional 253 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

The stock has a market capitalization of $84.73 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.00 and a beta of 0.90. The company has a fifty day simple moving average of $113.06 and a 200 day simple moving average of $117.38.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 EPS. As a group, equities analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is 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).