Dell Technologies (NYSE:DELL) Price Target Cut to $130.00 by Analysts at Loop Capital

Dell Technologies (NYSE:DELL) had its price objective decreased by Loop Capital from $185.00 to $130.00 in a report released on Tuesday,Benzinga reports. Loop Capital currently has a buy rating on the technology company’s stock.

Several other research firms have also weighed in on DELL. Bank of America lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. TD Cowen cut their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Mizuho dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company dropped their target price 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, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Trading Down 1.4 %

Shares of DELL stock opened at $94.21 on Tuesday. Dell Technologies has a 1 year low of $86.93 and a 1 year high of $179.70. The firm’s fifty day moving average price is $111.61 and its two-hundred day moving average price is $118.18. The firm has a market capitalization of $65.99 billion, a P/E ratio of 16.64, a PEG ratio of 1.10 and a beta of 0.90.

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 paid a $0.525 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Activity

In related news, 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 transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 929,407 shares of company stock valued at $113,411,626. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Optimist Retirement Group LLC increased its holdings in Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after buying an additional 463 shares during the last quarter. US Bancorp DE lifted its position in Dell Technologies by 11.7% during the third quarter. US Bancorp DE now owns 29,730 shares of the technology company’s stock valued at $3,524,000 after purchasing an additional 3,116 shares during the last quarter. Stephens Inc. AR lifted its position in Dell Technologies by 89.4% during the third quarter. Stephens Inc. AR now owns 10,286 shares of the technology company’s stock valued at $1,219,000 after purchasing an additional 4,854 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Dell Technologies by 74.3% during the third quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company’s stock valued at $100,000 after purchasing an additional 358 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Dell Technologies by 16.2% during the third quarter. Chicago Partners Investment Group LLC now owns 4,071 shares of the technology company’s stock worth $486,000 after acquiring an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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).