Dell Technologies (NYSE:DELL) Now Covered by Analysts at KeyCorp

KeyCorp assumed coverage on shares of Dell Technologies (NYSE:DELL) in a research report report published on Thursday morning, Marketbeat.com reports. The brokerage issued a sector weight rating on the technology company’s stock.

A number of other research analysts also recently issued reports on the company. Raymond James Financial upped their target price on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. UBS Group dropped their price target on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Loop Capital reduced their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Mizuho lifted their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. Finally, Citigroup increased their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $126.11 on Thursday. Dell Technologies has a one year low of $66.25 and a one year high of $150.23. The company has a market cap of $85.61 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.11 and a beta of 1.01. The firm has a 50 day simple moving average of $106.72 and a 200 day simple moving average of $105.10.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.27 EPS. As a group, analysts expect that Dell Technologies will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.67%. Dell Technologies’s payout ratio is 33.49%.

Insiders Place Their Bets

In related news, Director Lake Group L.L.C. Silver sold 10,681 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the transaction, the director now directly owns 938,741 shares in the company, valued at approximately $112,958,704.53. The trade was a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 2,900 shares of the company’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $120.00, for a total transaction of $348,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,482,977 shares of company stock valued at $168,988,489. Corporate insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors have recently modified their holdings of DELL. Vanguard Group Inc. grew its stake in Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares during the period. Capital World Investors boosted its holdings in shares of Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after buying an additional 72,271 shares during the last quarter. Geode Capital Management LLC grew its position in Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after buying an additional 552,213 shares during the period. Boston Partners increased its holdings in Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after buying an additional 1,312,600 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after acquiring an additional 1,142,012 shares during the period. 76.37% of the stock is owned by institutional investors.

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).