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

Dell Technologies Inc. (NYSE:DELL) fell 0.2% during mid-day trading on Tuesday after Citigroup lowered their price target on the stock from $145.00 to $105.00. Citigroup currently has a buy rating on the stock. Dell Technologies traded as low as $84.32 and last traded at $85.01. 1,872,955 shares were traded during trading, a decline of 82% from the average session volume of 10,356,926 shares. The stock had previously closed at $85.19.

Several other analysts have also recently weighed in on the company. The Goldman Sachs Group reduced their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Loop Capital dropped their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Bank of America reduced their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. UBS Group reduced their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, TD Cowen decreased their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.88.

Insider Activity

In related news, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. 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 directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Dell Technologies by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company’s stock valued at $5,417,000 after buying an additional 4,977 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its position in Dell Technologies by 23.5% during the first quarter. Elevation Point Wealth Partners LLC now owns 6,812 shares of the technology company’s stock worth $621,000 after purchasing an additional 1,295 shares in the last quarter. Opinicus Capital Inc. increased its position in shares of Dell Technologies by 5.5% in the first quarter. Opinicus Capital Inc. now owns 6,209 shares of the technology company’s stock valued at $566,000 after buying an additional 326 shares in the last quarter. Crowley Wealth Management Inc. lifted its holdings in Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company’s stock valued at $30,000 after purchasing an additional 150 shares in the last quarter. Finally, Verity & Verity LLC purchased a new position in Dell Technologies during the first quarter worth about $9,481,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

The business has a fifty day moving average price of $96.90 and a 200 day moving average price of $112.68. The company has a market capitalization of $58.23 billion, a PE ratio of 14.74, a P/E/G ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is presently 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).