Dell Technologies (NYSE:DELL) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Dell Technologies (NYSE:DELLGet Rating) from a sell rating to a hold rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Dell Technologies Inc. is a provider of information technology solutions. The company’s operating segment consists of Client Solutions, Enterprise Solutions Group and Dell Software Group. Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware. ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. DSG segment includes systems management, security software solutions and information management software offerings. Dell Technologies Inc. is headquartered in Round Rock, Texas. “

DELL has been the topic of a number of other research reports. Evercore ISI upgraded shares of Dell Technologies from an in-line rating to an outperform rating and set a $60.00 price objective on the stock in a research note on Tuesday, March 8th. Barclays cut their price objective on shares of Dell Technologies from $54.00 to $53.00 and set an equal weight rating on the stock in a research note on Thursday, March 31st. The Goldman Sachs Group lowered shares of Dell Technologies from a buy rating to a neutral rating and dropped their price target for the company from $68.00 to $61.00 in a research report on Friday, April 1st. TheStreet lowered shares of Dell Technologies from a b rating to a c+ rating in a research report on Friday, February 25th. Finally, Sanford C. Bernstein upgraded shares of Dell Technologies from a market perform rating to an outperform rating and raised their price target for the company from $35.57 to $72.00 in a research report on Monday, January 10th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $80.23.

Shares of Dell Technologies stock opened at $46.55 on Wednesday. The firm has a market capitalization of $35.40 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 0.73 and a beta of 0.91. Dell Technologies has a 12-month low of $45.29 and a 12-month high of $61.54. The firm’s 50 day simple moving average is $50.94 and its two-hundred day simple moving average is $60.82. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 2.23.

Dell Technologies (NYSE:DELLGet Rating) last released its quarterly earnings data on Thursday, February 24th. The technology company reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.95 by ($0.23). The business had revenue of $27.99 billion during the quarter, compared to analyst estimates of $27.52 billion. Dell Technologies had a return on equity of 87.33% and a net margin of 5.20%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 EPS. On average, sell-side analysts predict that Dell Technologies will post 5.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Wednesday, April 20th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.84%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, April 19th. Dell Technologies’s dividend payout ratio (DPR) is presently 18.72%.

In other news, General Counsel Richard J. Rothberg sold 64,895 shares of the firm’s stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of $52.58, for a total value of $3,412,179.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William F. Scannell sold 124,718 shares of the firm’s stock in a transaction dated Thursday, March 24th. The stock was sold at an average price of $53.52, for a total transaction of $6,674,907.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,907 shares of company stock worth $17,145,029. Insiders own 47.00% of the company’s stock.

Several large investors have recently bought and sold shares of DELL. SouthState Corp acquired a new stake in Dell Technologies during the third quarter worth about $28,000. D Orazio & Associates Inc. acquired a new stake in Dell Technologies during the third quarter worth about $40,000. Massmutual Trust Co. FSB ADV increased its position in Dell Technologies by 310.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 398 shares of the technology company’s stock worth $41,000 after purchasing an additional 301 shares during the last quarter. Bell Investment Advisors Inc acquired a new stake in Dell Technologies during the third quarter worth about $45,000. Finally, Allegheny Financial Group LTD acquired a new stake in Dell Technologies during the fourth quarter worth about $25,000. 32.20% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Company Profile (Get Rating)

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports Information technology solutions, products, and services worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

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