The Goldman Sachs Group Cuts Dell Technologies (NYSE:DELL) Price Target to $145.00

Dell Technologies (NYSE:DELL) had its price objective trimmed by The Goldman Sachs Group from $165.00 to $145.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other equities analysts have also issued reports about the company. Barclays increased their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Melius Research increased their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, Citigroup reduced their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Up 3.4 %

Shares of NYSE DELL opened at $97.31 on Monday. The firm has a market capitalization of $68.16 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.10 and a beta of 0.90. The stock’s 50-day simple moving average is $111.17 and its two-hundred day simple moving average is $118.04. Dell Technologies has a twelve month low of $86.93 and a twelve month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Monday, December 16th. 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 owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 929,407 shares of company stock worth $113,411,626. 46.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently made changes to their positions in DELL. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $28,000. Finally, True Wealth Design LLC boosted its position 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 in the last quarter. 76.37% of the stock is currently owned by institutional investors.

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).