Melius Research Forecasts Strong Price Appreciation for Dell Technologies (NYSE:DELL) Stock

Dell Technologies (NYSE:DELL) had its price target upped by Melius Research from $140.00 to $155.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the stock. Sanford C. Bernstein dropped their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Susquehanna initiated coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. raised 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. Mizuho began coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.18.

Dell Technologies Price Performance

DELL stock opened at $127.59 on Wednesday. The company has a 50 day moving average price of $127.41 and a 200 day moving average price of $126.86. Dell Technologies has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The stock has a market capitalization of $89.62 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. As a group, equities analysts expect that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 31.45%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The trade was a 9.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of DELL. State Street Corp grew its position in shares of Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after buying an additional 6,131,507 shares during the period. Geode Capital Management LLC grew its position in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after buying an additional 2,641,456 shares during the period. International Assets Investment Management LLC grew its position in Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after purchasing an additional 1,011,512 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Dell Technologies by 5,047.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after purchasing an additional 1,002,117 shares during the last quarter. 38.10% of the stock is 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).