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

Dell Technologies Inc. (NYSE:DELL) has received an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $148.06.

Several analysts have recently issued reports on DELL shares. Wells Fargo & Company increased their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Citigroup reduced their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley increased their target price on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Melius Research increased their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays upped their price objective on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares in the company, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 945,407 shares of company stock worth $115,573,009 over the last ninety days. 46.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently added to or reduced their stakes in DELL. Massachusetts Financial Services Co. MA grew its stake in Dell Technologies by 10.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 63,304 shares of the technology company’s stock worth $8,730,000 after purchasing an additional 5,821 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Dell Technologies by 12.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 53,079 shares of the technology company’s stock worth $7,320,000 after purchasing an additional 5,979 shares during the period. Argent Trust Co grew its stake in Dell Technologies by 95.8% during the second quarter. Argent Trust Co now owns 7,265 shares of the technology company’s stock worth $1,002,000 after purchasing an additional 3,555 shares during the period. Amalgamated Bank acquired a new stake in Dell Technologies during the second quarter worth approximately $1,941,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Dell Technologies by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,462 shares of the technology company’s stock worth $2,547,000 after purchasing an additional 3,660 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $114.99 on Friday. The stock’s fifty day moving average price is $121.92 and its two-hundred day moving average price is $119.70. Dell Technologies has a one year low of $80.49 and a one year high of $179.70. The firm has a market cap of $80.55 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.16 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. On average, equities analysts anticipate that Dell Technologies will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.55%. Dell Technologies’s dividend payout ratio is presently 31.45%.

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).