Dell Technologies (NYSE:DELL) Price Target Lowered to $156.00 at Citigroup

Dell Technologies (NYSE:DELL) had its price objective reduced by Citigroup from $160.00 to $156.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

DELL has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. 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. Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday. Morgan Stanley boosted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, Raymond James decreased their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.18.

Dell Technologies Trading Down 12.2 %

Shares of NYSE DELL opened at $124.38 on Wednesday. Dell Technologies has a 12 month low of $67.51 and a 12 month high of $179.70. The company has a 50 day simple moving average of $127.08 and a two-hundred day simple moving average of $126.95. The stock has a market cap of $87.36 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.51 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the business posted $1.62 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts forecast that Dell Technologies will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Insider Transactions at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,962,112 shares of company stock valued at $2,114,595,059 over the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds have recently modified their holdings of DELL. Clean Yield Group purchased a new stake in shares of Dell Technologies in the third quarter valued at about $25,000. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the second quarter valued at about $28,000. New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies in the first quarter valued at about $30,000. True Wealth Design LLC grew 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 period. Finally, Nemes Rush Group LLC purchased a new stake in shares of Dell Technologies in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

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).