Dell Technologies Inc. (NYSE:DELL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Dell Technologies Inc. (NYSE:DELL) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $64.07.

DELL has been the subject of several research analyst reports. Credit Suisse Group increased their target price on Dell Technologies from $62.00 to $74.00 in a research note on Friday, September 1st. TD Cowen increased their target price on Dell Technologies from $45.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, September 1st. Barclays increased their target price on Dell Technologies from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Friday, September 1st. Raymond James increased their target price on Dell Technologies from $50.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. Finally, Morgan Stanley raised their price objective on Dell Technologies from $56.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st.

Dell Technologies Stock Down 0.1 %

NYSE DELL opened at $68.10 on Wednesday. The stock has a market cap of $49.53 billion, a PE ratio of 26.29, a P/E/G ratio of 1.24 and a beta of 1.04. Dell Technologies has a fifty-two week low of $32.90 and a fifty-two week high of $70.28. The business has a 50 day moving average price of $55.61 and a two-hundred day moving average price of $47.81.

Dell Technologies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Monday, July 24th. Dell Technologies’s payout ratio is 57.14%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, COO Anthony Charles Whitten sold 107,803 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $55.14, for a total value of $5,944,257.42. Following the sale, the chief operating officer now directly owns 650,198 shares in the company, valued at $35,851,917.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Anthony Charles Whitten sold 107,803 shares of Dell Technologies stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $55.14, for a total transaction of $5,944,257.42. Following the sale, the chief operating officer now directly owns 650,198 shares in the company, valued at $35,851,917.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the chief marketing officer now owns 98,354 shares in the company, valued at $5,433,074.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,965,841 shares of company stock worth $219,485,757. 48.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of DELL. Brown Brothers Harriman & Co. bought a new stake in Dell Technologies in the first quarter worth about $27,000. KB Financial Partners LLC purchased a new position in Dell Technologies in the 2nd quarter worth about $32,000. MV Capital Management Inc. increased its stake in Dell Technologies by 519.2% in the 1st quarter. MV Capital Management Inc. now owns 613 shares of the technology company’s stock worth $25,000 after purchasing an additional 514 shares in the last quarter. Boulder Wealth Advisors LLC purchased a new position in Dell Technologies in the 4th quarter worth about $25,000. Finally, CI Investments Inc. increased its stake in Dell Technologies by 103.8% in the 4th quarter. CI Investments Inc. now owns 699 shares of the technology company’s stock worth $28,000 after purchasing an additional 356 shares in the last quarter. 38.10% of the stock is currently owned by 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).