Citigroup Trims Dell Technologies (NYSE:DELL) Target Price to $155.00

Dell Technologies (NYSE:DELL) had its price objective reduced by Citigroup from $170.00 to $155.00 in a research report report published on Thursday, Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

Other analysts have also issued reports about the stock. Barclays upgraded shares of Dell Technologies from an underweight rating to an equal weight rating and set a $97.00 target price on the stock in a research report on Tuesday, August 13th. Wells Fargo & Company decreased their price objective on Dell Technologies from $175.00 to $150.00 and set an overweight rating on the stock in a report on Wednesday. Bank of America increased their target price on Dell Technologies from $130.00 to $180.00 and gave the stock a buy rating in a report on Wednesday, May 29th. Loop Capital boosted their price target on Dell Technologies from $125.00 to $185.00 and gave the company a buy rating in a research note on Tuesday, May 28th. Finally, TD Cowen increased their price objective on Dell Technologies from $105.00 to $155.00 and gave the stock a hold rating in a research note on Friday, May 31st. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $132.06.

Dell Technologies Stock Up 1.0 %

Dell Technologies stock opened at $111.30 on Thursday. The business has a 50 day moving average price of $125.88 and a two-hundred day moving average price of $120.61. Dell Technologies has a 12 month low of $53.62 and a 12 month high of $179.70. The stock has a market cap of $78.95 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. The business had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. On average, analysts expect that Dell Technologies will post 6.85 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is 36.33%.

Insider Activity

In related news, Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the transaction, the director now owns 787,669 shares in the company, valued at $105,878,466.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total value of $3,411,714.02. Following the transaction, the director now directly owns 787,669 shares of the company’s stock, valued at $105,878,466.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the transaction, the director now directly owns 806,352 shares in the company, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,058,131 shares of company stock valued at $963,293,619. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after purchasing an additional 647,192 shares during the period. Boston Partners raised its stake in Dell Technologies by 2.1% during the 4th quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after buying an additional 197,435 shares during the period. Capital World Investors acquired a new position in Dell Technologies in the first quarter valued at about $835,946,000. Point72 Asset Management L.P. increased its holdings in shares of Dell Technologies by 14.8% in the fourth quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock worth $309,458,000 after acquiring an additional 520,677 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Dell Technologies by 449.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).