Dell Technologies (NYSE:DELL) Price Target Increased to $74.00 by Analysts at Credit Suisse Group

Dell Technologies (NYSE:DELL) had its target price lifted by Credit Suisse Group from $62.00 to $74.00 in a research report sent to investors on Friday morning, FlyOnTheWall reports.

Several other equities analysts also recently issued reports on DELL. Morgan Stanley raised their price target on shares of Dell Technologies from $55.00 to $56.00 in a research note on Friday, June 2nd. Wells Fargo & Company raised their price target on shares of Dell Technologies from $52.00 to $65.00 and gave the company an overweight rating in a research note on Friday, August 18th. Raymond James raised their price target on shares of Dell Technologies from $45.00 to $50.00 in a research note on Friday, June 2nd. Evercore ISI raised their price target on shares of Dell Technologies from $50.00 to $55.00 and gave the company an outperform rating in a research note on Friday, May 19th. Finally, Barclays lifted their target price on shares of Dell Technologies from $45.00 to $53.00 and gave the stock an equal weight rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of Moderate Buy and a consensus target price of $64.07.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $68.14 on Friday. Dell Technologies has a fifty-two week low of $32.90 and a fifty-two week high of $70.28. The firm has a market capitalization of $49.55 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.04 and a beta of 1.05. The company’s 50 day moving average price is $54.94 and its two-hundred day moving average price is $47.38.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, June 1st. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.45. The firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.27 billion. Dell Technologies had a net margin of 2.01% and a negative return on equity of 149.49%. The company’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. On average, analysts expect that Dell Technologies will post 4.6 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Tuesday, July 25th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.17%. The ex-dividend date was Monday, July 24th. Dell Technologies’s dividend payout ratio (DPR) is currently 56.06%.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 3,529,000 shares of Dell Technologies stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $55.36, for a total transaction of $195,365,440.00. Following the completion of the transaction, the director now directly owns 135,124 shares in the company, valued at $7,480,464.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Allison Dew sold 329,038 shares of Dell Technologies stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $55.24, for a total transaction of $18,176,059.12. Following the completion of the transaction, the chief marketing officer now directly owns 98,354 shares in the company, valued at $5,433,074.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 3,529,000 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $55.36, for a total transaction of $195,365,440.00. Following the transaction, the director now owns 135,124 shares in the company, valued at $7,480,464.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,965,841 shares of company stock valued at $219,485,757. Corporate insiders own 48.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its holdings in Dell Technologies by 12.0% during the second quarter. Lindbrook Capital LLC now owns 2,037 shares of the technology company’s stock worth $110,000 after purchasing an additional 218 shares during the last quarter. New York Life Investment Management LLC boosted its holdings in Dell Technologies by 2.8% during the first quarter. New York Life Investment Management LLC now owns 7,986 shares of the technology company’s stock worth $321,000 after purchasing an additional 220 shares during the last quarter. Mirador Capital Partners LP boosted its holdings in Dell Technologies by 1.8% during the fourth quarter. Mirador Capital Partners LP now owns 13,310 shares of the technology company’s stock worth $535,000 after purchasing an additional 238 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in Dell Technologies by 10.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 2,842 shares of the technology company’s stock worth $114,000 after acquiring an additional 259 shares during the period. Finally, Atlas Capital Advisors LLC raised its position in Dell Technologies by 3.6% in the second quarter. Atlas Capital Advisors LLC now owns 7,681 shares of the technology company’s stock worth $416,000 after acquiring an additional 267 shares during the period. 38.10% 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).