Dell Technologies (NYSE:DELL) Trading Down 3.1% After Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL)’s share price dropped 3.1% during trading on Monday after The Goldman Sachs Group lowered their price target on the stock from $165.00 to $145.00. The Goldman Sachs Group currently has a buy rating on the stock. Dell Technologies traded as low as $98.10 and last traded at $99.59. Approximately 3,900,707 shares traded hands during trading, a decline of 55% from the average daily volume of 8,593,667 shares. The stock had previously closed at $102.76.

A number of other analysts have also recently weighed in on DELL. UBS Group cut their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Mizuho lowered their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Bank of America reduced their price objective 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. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $144.47.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’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 sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 929,407 shares of company stock worth $113,411,626 in the last 90 days. 46.70% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. State Street Corp raised its holdings in Dell Technologies by 92.4% during the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after buying an additional 6,131,507 shares during the period. Capital World Investors raised its stake in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock valued at $1,436,000,000 after purchasing an additional 72,271 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after purchasing an additional 552,213 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Dell Technologies in the fourth quarter worth $455,029,000. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Down 7.0 %

The firm has a 50-day moving average of $112.10 and a two-hundred day moving average of $118.30. The stock has a market capitalization of $66.93 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The business also recently declared 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is 33.76%.

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).