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

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) fell 0.2% on Wednesday after Citigroup lowered their price target on the stock from $156.00 to $145.00. Citigroup currently has a buy rating on the stock. Dell Technologies traded as low as $118.25 and last traded at $120.10. 1,470,146 shares changed hands during trading, a decline of 82% from the average session volume of 8,292,926 shares. The stock had previously closed at $120.34.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a "buy" rating on the stock in a research note on Monday, December 2nd. Mizuho lowered their price objective on Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Wednesday, November 27th. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. 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 report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reduced 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 Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $145.00.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now directly owns 777,347 shares of the company's stock, valued at approximately $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares of the company's stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 937,407 shares of company stock worth $114,418,186 in the last three months. Company insiders own 46.70% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Bellwether Advisors LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new position in Dell Technologies during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies during the 4th quarter worth $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies in the 4th quarter worth $28,000. Finally, True Wealth Design LLC raised its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Down 1.9 %

The company has a market capitalization of $82.41 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The business's 50-day moving average is $113.12 and its two-hundred day moving average is $117.42.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 EPS. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

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

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).