Dell Technologies (NYSE:DELL) Shares Down 0.7% After Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL) shares fell 0.7% 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. 1,284,038 shares were traded during mid-day trading, a decline of 84% from the average session volume of 8,075,733 shares. The stock had previously closed at $112.31.

A number of other research firms have also weighed in on DELL. Mizuho reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Morgan Stanley increased their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Barclays raised their price target 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. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.47.

Insider Activity

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 transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’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 sale, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 946,132 shares of company stock worth $115,660,009. Insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new position in Dell Technologies in the fourth quarter valued at approximately $28,000. True Wealth Design LLC grew its stake 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 worth $31,000 after purchasing an additional 253 shares during the period. MCF Advisors LLC increased its holdings in shares of Dell Technologies by 132.0% during 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. Finally, Covestor Ltd boosted its holdings in Dell Technologies by 290.7% during the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after buying an additional 218 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.7 %

The company’s 50-day moving average is $114.20 and its 200 day moving average is $117.19. The company has a market cap of $78.13 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last issued 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. The company 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%. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 earnings per share. Analysts predict that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.60%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s 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).