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

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) were 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. Approximately 3,711,023 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 9,780,011 shares. The stock had previously closed at $111.27.

DELL has been the subject of a number of other research reports. Mizuho raised their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Loop Capital dropped their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Citigroup lifted their target price on Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, May 16th. TD Cowen lifted their target price on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Finally, OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Insider Activity

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

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC lifted its holdings in Dell Technologies by 7.7% during the 4th quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company's stock worth $161,000 after purchasing an additional 100 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock worth $62,000 after buying an additional 100 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its holdings in shares of Dell Technologies by 5.9% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after buying an additional 100 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Dell Technologies by 3.3% during the fourth quarter. Spire Wealth Management now owns 3,290 shares of the technology company's stock worth $379,000 after buying an additional 104 shares in the last quarter. Finally, Center for Financial Planning Inc. lifted its holdings in shares of Dell Technologies by 47.4% during the fourth quarter. Center for Financial Planning Inc. now owns 345 shares of the technology company's stock worth $40,000 after buying an additional 111 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Up 0.0%

The company has a market cap of $78.66 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.10 and a beta of 0.99. The stock has a fifty day moving average price of $95.93 and a two-hundred day moving average price of $106.80.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period in the prior year, the business posted $1.27 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

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).