Dell Technologies (NYSE:DELL) Price Target Lowered to $48.00 at Evercore ISI

Dell Technologies (NYSE:DELLGet Rating) had its price target lowered by Evercore ISI from $50.00 to $48.00 in a research note released on Tuesday morning, The Fly reports.

DELL has been the subject of several other research reports. Wells Fargo & Company decreased their target price on Dell Technologies from $58.00 to $52.00 and set an overweight rating for the company in a research note on Tuesday. Cowen decreased their target price on Dell Technologies from $58.00 to $45.00 and set a market perform rating for the company in a research note on Friday, August 26th. UBS Group decreased their target price on Dell Technologies from $65.00 to $60.00 and set a buy rating for the company in a research note on Tuesday. Cowen decreased their target price on Dell Technologies from $58.00 to $45.00 and set a market perform rating for the company in a research note on Friday, August 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Dell Technologies from $60.00 to $55.00 and set a buy rating for the company in a research report on Friday, August 26th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of Moderate Buy and an average price target of $50.38.

Dell Technologies Stock Performance

NYSE:DELL opened at $43.85 on Tuesday. Dell Technologies has a 1 year low of $32.90 and a 1 year high of $61.54. The stock has a market cap of $32.14 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.62 and a beta of 0.92. The business has a fifty day moving average of $37.60 and a 200-day moving average of $42.39.

Dell Technologies (NYSE:DELLGet Rating) last announced its earnings results on Monday, November 21st. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.71. Dell Technologies had a return on equity of 305.10% and a net margin of 4.98%. The business had revenue of $24.72 million during the quarter, compared to analysts’ expectations of $24.61 billion. During the same quarter last year, the business posted $2.37 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities research analysts predict that Dell Technologies will post 5.69 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Wednesday, October 19th were given a $0.33 dividend. The ex-dividend date was Tuesday, October 18th. This represents a $1.32 annualized dividend and a yield of 3.01%. Dell Technologies’s payout ratio is 19.08%.

Insider Transactions at Dell Technologies

In other news, insider William F. Scannell sold 27,536 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $40.20, for a total transaction of $1,106,947.20. Following the completion of the sale, the insider now owns 343,835 shares in the company, valued at $13,822,167. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 47.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in shares of Dell Technologies by 74.1% in the first quarter. Nisa Investment Advisors LLC now owns 3,523 shares of the technology company’s stock valued at $177,000 after purchasing an additional 1,500 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Dell Technologies during the first quarter worth about $245,000. SG Americas Securities LLC bought a new stake in Dell Technologies during the first quarter worth about $343,000. Signaturefd LLC raised its holdings in Dell Technologies by 9.1% during the first quarter. Signaturefd LLC now owns 3,268 shares of the technology company’s stock worth $164,000 after acquiring an additional 273 shares in the last quarter. Finally, Atria Investments LLC raised its stake in Dell Technologies by 4.0% in the first quarter. Atria Investments LLC now owns 21,499 shares of the technology company’s stock valued at $1,079,000 after buying an additional 818 shares during the period. 26.53% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Company Profile

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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).

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