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

Dell Technologies Inc. (NYSE:DELL) shares were down 3% on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $165.00 to $145.00. The Goldman Sachs Group 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 traded 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 research firms also recently weighed in on DELL. Melius Research upped their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Barclays boosted their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Company cut 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 report on Friday. JPMorgan Chase & Co. decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, TD Cowen dropped their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $144.47.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the sale, the director now directly owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 929,407 shares of company stock worth $113,411,626 over the last quarter. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies during the 4th quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $28,000. Finally, True Wealth Design LLC grew its stake in shares of 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 purchasing an additional 253 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Down 2.7 %

The business’s fifty day moving average is $112.10 and its two-hundred day moving average is $118.30. The firm has a market cap of $65.12 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

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 given a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is presently 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).