Dell Technologies (NYSE:DELL) Upgraded to “Outperform” at KGI Securities

KGI Securities upgraded shares of Dell Technologies (NYSE:DELL – Get Rating) from a neutral rating to an outperform rating in a research report report published on Tuesday, The Fly reports.

Other equities research analysts also recently issued reports about the stock. Credit Suisse Group reissued an outperform rating and set a $50.00 target price on shares of Dell Technologies in a research report on Monday, March 6th. Evercore ISI cut their price target on shares of Dell Technologies from $50.00 to $48.00 in a report on Tuesday, November 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dell Technologies from $48.00 to $45.00 and set a buy rating on the stock in a report on Friday, March 3rd. Sanford C. Bernstein cut their price target on shares of Dell Technologies from $60.00 to $51.00 in a report on Friday, March 3rd. Finally, Wells Fargo & Company cut their price target on shares of Dell Technologies from $58.00 to $52.00 and set an overweight rating on the stock in a report on Tuesday, November 22nd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $47.50.

Dell Technologies Price Performance

NYSE:DELL opened at $37.55 on Tuesday. The firm has a 50-day moving average of $40.80 and a 200-day moving average of $39.65. The company has a market cap of $26.89 billion, a PE ratio of 11.66, a PEG ratio of 0.72 and a beta of 1.03. Dell Technologies has a one year low of $32.90 and a one year high of $55.30.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 5th. Investors of record on Tuesday, April 25th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, April 24th. This represents a $1.48 annualized dividend and a yield of 3.94%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.33. Dell Technologies’s dividend payout ratio (DPR) is 40.99%.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in Dell Technologies during the 1st quarter valued at about $27,000. Accurate Wealth Management LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $26,000. Boulder Wealth Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at about $25,000. Romano Brothers AND Company bought a new stake in shares of Dell Technologies during the 4th quarter valued at about $27,000. Finally, CI Investments Inc. boosted its position in shares of Dell Technologies by 103.8% during the 4th quarter. CI Investments Inc. now owns 699 shares of the technology company’s stock valued at $28,000 after acquiring an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 26.42% of the company’s stock.

About Dell Technologies

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Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.