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

Dell Technologies Inc. (NYSE:DELL) has been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $145.65.

DELL has been the subject of several analyst reports. Mizuho reduced their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Bank of America reduced their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Morgan Stanley reduced their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th.

Insider Buying and Selling at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the transaction, the chief financial officer now directly owns 228,419 shares of the company’s stock, valued at $28,739,678.58. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 945,407 shares of company stock worth $115,564,106 in the last three months. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DELL. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Dell Technologies by 361.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,623 shares of the technology company’s stock worth $311,000 after purchasing an additional 2,054 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Dell Technologies by 1,290.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,076 shares of the technology company’s stock worth $602,000 after purchasing an additional 4,711 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in Dell Technologies by 11.9% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 1,885 shares of the technology company’s stock worth $223,000 after purchasing an additional 200 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in Dell Technologies by 38.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 29,181 shares of the technology company’s stock worth $3,459,000 after purchasing an additional 8,065 shares in the last quarter. Finally, Creative Planning lifted its holdings in Dell Technologies by 16.8% in the 3rd quarter. Creative Planning now owns 98,961 shares of the technology company’s stock worth $11,435,000 after purchasing an additional 14,217 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 5.2 %

Shares of Dell Technologies stock opened at $120.35 on Wednesday. The firm has a market capitalization of $84.30 billion, a P/E ratio of 21.26, a P/E/G ratio of 0.91 and a beta of 0.90. The business has a fifty day simple moving average of $112.99 and a two-hundred day simple moving average of $117.25. Dell Technologies has a 12 month low of $80.49 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period last year, the company earned $1.62 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. Analysts predict that Dell Technologies will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.48%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Dell Technologies Company Profile

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).