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

Shares of Dell Technologies Inc. (NYSE:DELLGet Free Report) have received an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $108.63.

A number of research analysts recently issued reports on the stock. Barclays lifted 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. Sanford C. Bernstein upped their price objective on Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Evercore ISI lifted their target price on Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 4th.

Read Our Latest Report on Dell Technologies

Insider Transactions at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 624,450 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the completion of the sale, the chief executive officer now owns 39,787,791 shares of the company’s stock, valued at approximately $4,766,577,361.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 624,450 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the sale, the chief executive officer now owns 39,787,791 shares of the company’s stock, valued at $4,766,577,361.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total value of $13,752,279.45. Following the completion of the transaction, the insider now directly owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The disclosure for this sale can be found here. Insiders sold 6,382,204 shares of company stock worth $718,452,037 over the last ninety days. 48.60% of the stock is owned by insiders.

Institutional Trading of Dell Technologies

Several large investors have recently modified their holdings of DELL. Citizens Financial Group Inc. RI boosted its stake in Dell Technologies by 66.2% during the first quarter. Citizens Financial Group Inc. RI now owns 6,666 shares of the technology company’s stock worth $761,000 after acquiring an additional 2,656 shares in the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies during the 1st quarter worth about $30,000. Plato Investment Management Ltd grew its stake in shares of Dell Technologies by 2,857.4% in the 1st quarter. Plato Investment Management Ltd now owns 20,554 shares of the technology company’s stock valued at $2,345,000 after buying an additional 19,859 shares during the period. iA Global Asset Management Inc. raised its stake in Dell Technologies by 2.1% during the 1st quarter. iA Global Asset Management Inc. now owns 7,228 shares of the technology company’s stock worth $825,000 after buying an additional 147 shares during the period. Finally, BRIGHT VALLEY CAPITAL Ltd bought a new position in Dell Technologies in the first quarter worth approximately $1,027,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $149.52 on Monday. The stock has a market capitalization of $106.73 billion, a PE ratio of 34.22, a P/E/G ratio of 1.88 and a beta of 0.87. Dell Technologies has a fifty-two week low of $44.45 and a fifty-two week high of $150.84. The business has a fifty day moving average price of $121.91 and a two-hundred day moving average price of $95.27.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The business had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the business posted $1.55 earnings per share. Dell Technologies’s revenue was down 10.9% compared to the same quarter last year. On average, equities analysts expect that Dell Technologies will post 6.61 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Monday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s payout ratio is 40.73%.

Dell Technologies Company Profile

(Get Free Report

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).

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Analyst Recommendations for Dell Technologies (NYSE:DELL)

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