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

Shares of Dell Technologies Inc. (NYSE:DELL) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $102.88.

A number of equities analysts recently issued reports on DELL shares. UBS Group raised their price target on Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, March 1st. JPMorgan Chase & Co. increased their price target on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Barclays boosted their price objective on shares of Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. Loop Capital started coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, TD Cowen increased their price target on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st.

Dell Technologies Stock Down 1.3 %

DELL stock opened at $119.56 on Thursday. The stock has a market cap of $85.34 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.49 and a beta of 0.92. Dell Technologies has a fifty-two week low of $41.47 and a fifty-two week high of $136.16. The business has a 50 day moving average price of $107.70 and a 200 day moving average price of $85.66.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The firm had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS. As a group, sell-side analysts anticipate that Dell Technologies will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a $0.445 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.49%. Dell Technologies’s payout ratio is currently 33.87%.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total value of $4,447,096.50. Following the sale, the chief executive officer now directly owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael S. Dell sold 41,550 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $107.03, for a total value of $4,447,096.50. Following the sale, the chief executive officer now owns 36,389,719 shares of the company’s stock, valued at approximately $3,894,791,624.57. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,382,204 shares of company stock worth $718,452,037. Insiders own 48.60% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Dell Technologies by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after acquiring an additional 647,192 shares during the last quarter. Boston Partners increased its stake in Dell Technologies by 2.1% in the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock valued at $733,564,000 after purchasing an additional 197,435 shares during the last quarter. FMR LLC lifted its position in Dell Technologies by 59.6% during the third quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after buying an additional 3,499,760 shares during the period. State Street Corp grew its holdings in Dell Technologies by 2.0% in the 1st quarter. State Street Corp now owns 7,107,031 shares of the technology company’s stock valued at $356,702,000 after buying an additional 138,821 shares during the period. Finally, Morgan Stanley increased its stake in shares of Dell Technologies by 96.9% during the 3rd quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock valued at $346,137,000 after acquiring an additional 2,472,866 shares during the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Company Profile

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).