Dell Technologies (NYSE:DELL) Price Target Cut to $150.00 by Analysts at Wells Fargo & Company

Dell Technologies (NYSE:DELL) had its price objective reduced by Wells Fargo & Company from $160.00 to $150.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Other research analysts have also recently issued reports about the company. Evercore ISI reissued an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Melius Research boosted their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft decreased their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.53.

Dell Technologies Stock Down 4.6 %

Shares of Dell Technologies stock opened at $102.85 on Friday. Dell Technologies has a 12 month low of $86.93 and a 12 month high of $179.70. The business has a fifty day simple moving average of $112.57 and a 200 day simple moving average of $118.17. The stock has a market cap of $72.04 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the firm earned $1.62 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Analysts expect that Dell Technologies will post 6.93 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.04%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Buying and Selling

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares in the company, valued at $28,739,678.58. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 937,407 shares of company stock worth $114,418,186. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently made changes to their positions in the company. Bellwether Advisors LLC bought a new position in shares of Dell Technologies during the fourth quarter worth approximately $25,000. Vision Financial Markets LLC bought a new position in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the fourth quarter worth approximately $28,000. Finally, True Wealth Design LLC increased its stake in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. Institutional investors own 76.37% of the company’s stock.

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).