Dell Technologies (NYSE:DELL) Price Target Raised to $155.00 at Sanford C. Bernstein

Dell Technologies (NYSE:DELLFree Report) had its price objective increased by Sanford C. Bernstein from $120.00 to $155.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $125.00 to $155.00 and gave the company an overweight rating in a research note on Monday. Evercore ISI raised their target price on shares of Dell Technologies from $140.00 to $165.00 and gave the company an outperform rating in a research note on Thursday, May 16th. UBS Group raised their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the company a buy rating in a research note on Friday, April 19th. TD Cowen raised their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the company a market perform rating in a research note on Friday, March 1st. Finally, Loop Capital began coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They issued a buy rating and a $125.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $122.00.

Read Our Latest Research Report on Dell Technologies

Dell Technologies Price Performance

Shares of DELL stock opened at $147.71 on Monday. The company has a market capitalization of $105.43 billion, a P/E ratio of 33.80, a P/E/G ratio of 1.83 and a beta of 0.87. The company’s 50-day simple moving average is $123.93 and its two-hundred day simple moving average is $96.71. Dell Technologies has a one year low of $44.45 and a one year high of $154.59.

Dell Technologies (NYSE:DELLGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the firm earned $1.55 earnings per share. The company’s quarterly revenue was down 10.9% on a year-over-year basis. On average, research analysts expect that Dell Technologies will post 6.61 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Monday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is currently 40.73%.

Insider Activity at Dell Technologies

In other news, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total value of $13,752,279.45. Following the sale, the insider now owns 356,077 shares in the company, valued at $45,987,344.55. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Michael S. Dell sold 41,550 shares of Dell Technologies stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $107.03, for a total value of $4,447,096.50. Following the sale, the chief executive officer now owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William F. Scannell sold 106,483 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now owns 356,077 shares in the company, valued at $45,987,344.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates boosted its position in Dell Technologies by 27.2% during the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after acquiring an additional 58,590 shares during the last quarter. Nordea Investment Management AB raised its stake in Dell Technologies by 158.3% during the fourth quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after purchasing an additional 142,337 shares during the period. Los Angeles Capital Management LLC raised its stake in Dell Technologies by 171.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 10,350 shares during the period. Assenagon Asset Management S.A. raised its stake in Dell Technologies by 1,475.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after purchasing an additional 272,144 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Dell Technologies by 13.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company’s stock worth $6,226,000 after purchasing an additional 9,538 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

About Dell Technologies

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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).

Further Reading

Analyst Recommendations for Dell Technologies (NYSE:DELL)

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