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

Dell Technologies Inc. (NYSE:DELL) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $102.88.

Several research analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Dell Technologies from $99.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. upped their price target on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Sanford C. Bernstein lifted their price objective on Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. TD Cowen increased their target price 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. Finally, Morgan Stanley lifted their price target on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, March 1st.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the completion of the transaction, the chief executive officer now directly owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $108.79, for a total value of $211,557,494.39. Following the sale, the chief executive officer now owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The disclosure for this sale can be found here. Insiders have sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last quarter. 48.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in DELL. Jones Financial Companies Lllp purchased a new stake in Dell Technologies in the 4th quarter worth about $25,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after buying an additional 82 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Brown Brothers Harriman & Co. purchased a new position in Dell Technologies during the 1st quarter valued at $27,000. Finally, Compass Wealth Management LLC purchased a new stake in Dell Technologies in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Trading Down 1.3 %

Shares of DELL opened at $119.56 on Thursday. The firm has a market cap of $85.34 billion, a PE ratio of 27.36, a P/E/G ratio of 1.49 and a beta of 0.92. Dell Technologies has a 1-year low of $41.47 and a 1-year high of $136.16. The firm has a fifty day simple moving average of $107.70 and a two-hundred day simple moving average of $85.66.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. Dell Technologies’s revenue was down 10.9% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a $0.445 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, April 22nd. Dell Technologies’s payout ratio is currently 33.87%.

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).