Dell Technologies Inc. (NYSE:DELL) Receives Consensus Rating of “Moderate Buy” from Analysts

Dell Technologies Inc. (NYSE:DELL) has been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $143.50.

Several research firms have recently issued reports on DELL. Citigroup lifted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. UBS Group lowered their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. TD Cowen decreased their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Barclays upped their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th.

Dell Technologies Price Performance

DELL opened at $126.74 on Thursday. The stock has a market capitalization of $89.90 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 1.29 and a beta of 0.90. The business has a fifty day moving average price of $113.52 and a 200 day moving average price of $125.37. Dell Technologies has a 12 month low of $63.90 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that Dell Technologies will post 6.91 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.40%. Dell Technologies’s payout ratio is 36.33%.

Insider Activity

In related news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider William F. Scannell sold 42,595 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the completion of the transaction, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now owns 16,912,241 shares in the company, valued at approximately $2,070,058,298.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,952,662 shares of company stock valued at $2,113,259,348. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of DELL. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after purchasing an additional 25,117 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Dell Technologies during the 1st quarter valued at approximately $104,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Dell Technologies by 31.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock worth $740,000 after acquiring an additional 1,539 shares during the period. Tidal Investments LLC increased its stake in Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 5,432 shares in the last quarter. Finally, AlpInvest Partners B.V. purchased a new stake in Dell Technologies during the second quarter worth $3,138,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).