Dell Technologies (NYSE:DELL) Given New $141.00 Price Target at UBS Group

Dell Technologies (NYSE:DELL) had its price objective lifted by UBS Group from $113.00 to $141.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other research analysts also recently commented on the stock. Sanford C. Bernstein lifted their price target on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an outperform rating in a research note on Friday, March 1st. TD Cowen lifted their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a market perform rating in a research note 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 note on Friday, March 1st. JPMorgan Chase & Co. lifted their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an overweight rating in a research note on Thursday, February 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the company a buy rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $104.63.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $114.85 on Friday. Dell Technologies has a 1 year low of $41.47 and a 1 year high of $136.16. The firm has a market cap of $81.98 billion, a PE ratio of 26.28, a PEG ratio of 1.50 and a beta of 0.92. The company has a 50 day simple moving average of $108.95 and a two-hundred day simple moving average of $86.22.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.73 by $0.47. The firm 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 172.07%. The business’s 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, research analysts anticipate that Dell Technologies will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.445 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio is currently 33.87%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the sale, the director now directly owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the transaction, the director now directly owns 535,816 shares in the company, valued at $71,997,595.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the transaction, the director now owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,382,204 shares of company stock valued at $718,452,037. Insiders own 48.60% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Dell Technologies by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after acquiring an additional 647,192 shares during the last quarter. Boston Partners boosted its position in shares of Dell Technologies by 2.1% during the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company’s stock worth $733,564,000 after acquiring an additional 197,435 shares during the last quarter. FMR LLC boosted its position in shares of Dell Technologies by 59.6% during the third quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after acquiring an additional 3,499,760 shares during the last quarter. State Street Corp boosted its position in shares of Dell Technologies by 2.0% during the first quarter. State Street Corp now owns 7,107,031 shares of the technology company’s stock worth $356,702,000 after acquiring an additional 138,821 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Dell Technologies by 96.9% during the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after acquiring an additional 2,472,866 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors.

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).