Dell Technologies (NYSE:DELL) Trading Down 3% on Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price dropped 3% on Tuesday after Loop Capital lowered their price target on the stock from $185.00 to $130.00. Loop Capital currently has a buy rating on the stock. Dell Technologies traded as low as $92.41 and last traded at $92.72. Approximately 5,131,487 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 8,729,166 shares. The stock had previously closed at $95.56.

A number of other analysts have also recently issued reports on the company. Evercore ISI reissued an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. 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 research report on Monday, December 2nd. Barclays upped their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Morgan Stanley reduced their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Finally, Citigroup lowered their price objective on Dell Technologies from $156.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $141.24.

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Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now owns 810,657 shares of the company's stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 825,662 shares of company stock valued at $100,414,453 in the last quarter. Company insiders own 46.70% of the company's stock.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of DELL. Bellwether Advisors LLC bought a new position in Dell Technologies in the fourth quarter worth $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies during the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the fourth quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $28,000. Finally, True Wealth Design LLC raised its stake in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after buying an additional 253 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 1.8 %

The company has a fifty day simple moving average of $110.65 and a 200 day simple moving average of $117.86. The firm has a market capitalization of $64.00 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company also recently announced 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 represents a $2.10 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio is currently 33.76%.

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).