Dell Technologies (NYSE:DELL) Shares Down 3.9% Following Analyst Downgrade

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price traded down 3.9% during trading on Monday after UBS Group lowered their price target on the stock from $150.00 to $145.00. UBS Group currently has a buy rating on the stock. Dell Technologies traded as low as $106.38 and last traded at $106.95. 3,711,023 shares were traded during trading, a decline of 62% from the average session volume of 9,780,011 shares. The stock had previously closed at $111.27.

Several other equities research analysts also recently issued reports on DELL. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday. Mizuho lifted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Morgan Stanley lifted their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Citigroup lifted their price objective on Dell Technologies from $105.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Loop Capital dropped their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 42.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Dell Technologies during the 4th quarter worth $455,029,000. Vanguard Group Inc. boosted its position in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after acquiring an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation acquired a new position in Dell Technologies during the 4th quarter worth $265,052,000. Janus Henderson Group PLC boosted its position in Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after acquiring an additional 1,865,013 shares during the period. Finally, Boston Partners boosted its position in Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after acquiring an additional 1,312,600 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Trading Up 3.5%

The stock has a 50-day simple moving average of $95.23 and a 200-day simple moving average of $106.72. The company has a market cap of $78.10 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter last year, the firm posted $1.27 EPS. The company's revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

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).