Dell Technologies Inc. (NYSE:DELL) Receives $82.47 Average PT from Analysts

Dell Technologies Inc. (NYSE:DELLGet Free Report) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $102.88.

DELL has been the topic of several analyst reports. UBS Group lifted their target price on shares of Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Barclays lifted their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Evercore ISI raised their price target on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Morgan Stanley raised their price target on shares of Dell Technologies from $100.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, TD Cowen raised their price target on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, March 1st.

Read Our Latest Stock Report on Dell Technologies

Dell Technologies Price Performance

Shares of DELL opened at $117.55 on Wednesday. The firm’s 50 day moving average is $84.97 and its 200-day moving average is $74.56. The stock has a market capitalization of $83.65 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.70 and a beta of 0.91. Dell Technologies has a 12-month low of $35.96 and a 12-month high of $131.06.

Dell Technologies (NYSE:DELLGet Free Report) last released its earnings results 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. The business had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 165.52%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. As a group, equities research analysts forecast that Dell Technologies will post 6.1 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.51%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. Dell Technologies’s payout ratio is presently 40.73%.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 239,112 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $79.43, for a total value of $18,992,666.16. Following the completion of the sale, the director now directly owns 293,812 shares in the company, valued at $23,337,487.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $126.32, for a total value of $47,164,730.00. Following the completion of the sale, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 239,112 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $79.43, for a total transaction of $18,992,666.16. Following the transaction, the director now directly owns 293,812 shares in the company, valued at approximately $23,337,487.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,792,459 shares of company stock worth $316,770,989. 48.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its position in Dell Technologies by 45.0% during the third quarter. Acadian Asset Management LLC now owns 3,216,861 shares of the technology company’s stock worth $221,605,000 after acquiring an additional 998,298 shares during the period. Banco Santander S.A. increased its position in Dell Technologies by 61.7% during the third quarter. Banco Santander S.A. now owns 106,778 shares of the technology company’s stock worth $7,357,000 after acquiring an additional 40,750 shares during the period. Achmea Investment Management B.V. increased its holdings in Dell Technologies by 154.8% in the 3rd quarter. Achmea Investment Management B.V. now owns 79,068 shares of the technology company’s stock valued at $5,447,000 after buying an additional 48,036 shares during the period. MRP Capital Investments LLC increased its holdings in Dell Technologies by 105.5% in the 3rd quarter. MRP Capital Investments LLC now owns 35,389 shares of the technology company’s stock valued at $2,438,000 after buying an additional 18,164 shares during the period. Finally, Versor Investments LP bought a new stake in Dell Technologies in the 3rd quarter valued at $2,089,000. Institutional investors own 38.10% of the company’s stock.

About Dell Technologies

(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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