Citigroup Issues Pessimistic Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its target price lowered by Citigroup from $156.00 to $145.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Mizuho reduced their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.00.

Dell Technologies Price Performance

DELL opened at $117.66 on Friday. Dell Technologies has a 1-year low of $85.40 and a 1-year high of $179.70. The firm has a market cap of $82.41 billion, a P/E ratio of 20.79, a PEG ratio of 1.10 and a beta of 0.90. The company has a 50 day simple moving average of $113.11 and a two-hundred day simple moving average of $117.92.

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

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insiders Place Their Bets

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. This represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders have sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

Institutional investors have recently made changes to their positions in the stock. Burns J W & Co. Inc. NY acquired a new position in shares of Dell Technologies during the fourth quarter worth $1,272,000. iA Global Asset Management Inc. raised its holdings in shares of Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. National Pension Service lifted its holdings in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 50,304 shares during the last quarter. Sky Investment Group LLC acquired a new position in Dell Technologies during the 4th quarter valued at approximately $1,687,000. Finally, Enclave Advisors LLC bought a new position in shares of Dell Technologies during the fourth quarter worth about $848,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).