Dell Technologies (NYSE:DELL) Price Target Lowered to $105.00 at Citigroup

Dell Technologies (NYSE:DELL) had its target price lowered by Citigroup from $145.00 to $105.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other research analysts have also weighed in on DELL. Barclays raised their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. TD Cowen cut their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Morgan Stanley lowered their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.88.

Dell Technologies Stock Up 4.0 %

Shares of NYSE DELL opened at $85.22 on Monday. The firm has a 50-day simple moving average of $97.77 and a 200-day simple moving average of $113.07. The stock has a market capitalization of $59.47 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction 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 position. The disclosure for this sale can be found here. 46.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds have recently added to or reduced their stakes in DELL. Yousif Capital Management LLC boosted its holdings in shares of Dell Technologies by 9.2% in the 1st quarter. Yousif Capital Management LLC now owns 37,588 shares of the technology company’s stock valued at $3,426,000 after buying an additional 3,163 shares in the last quarter. Parisi Gray Wealth Management purchased a new position in shares of Dell Technologies during the first quarter worth about $266,000. Objectivity Squared LLC increased its position in shares of Dell Technologies by 42.4% during the first quarter. Objectivity Squared LLC now owns 2,595 shares of the technology company’s stock worth $237,000 after purchasing an additional 773 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Dell Technologies by 27.5% in the 1st quarter. Farther Finance Advisors LLC now owns 12,859 shares of the technology company’s stock valued at $1,183,000 after purchasing an additional 2,771 shares during the last quarter. Finally, Shorepath Capital Management LLC grew its stake in Dell Technologies by 3.7% during the 1st quarter. Shorepath Capital Management LLC now owns 67,848 shares of the technology company’s stock worth $6,184,000 after buying an additional 2,415 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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).