Analysts Set Dell Technologies Inc. (NYSE:DELL) Target Price at $147.47

Shares of Dell Technologies Inc. (NYSE:DELL) have received a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $145.94.

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Evercore ISI reissued an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley cut their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Citigroup lowered their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $114.28 on Wednesday. The stock has a market cap of $80.05 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.91 and a beta of 0.90. Dell Technologies has a 1 year low of $80.49 and a 1 year high of $179.70. The firm’s 50-day moving average is $113.36 and its 200 day moving average is $117.10.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts expect that Dell Technologies will post 6.92 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced 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. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock valued at $115,564,106 over the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently made changes to their positions in the company. Intrepid Financial Planning Group LLC grew its stake in shares of Dell Technologies by 0.7% in the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after buying an additional 80 shares in the last quarter. Smithfield Trust Co lifted its holdings in shares of Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after acquiring an additional 84 shares during the last quarter. Graypoint LLC grew its position in Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after acquiring an additional 86 shares in the last quarter. ASB Consultores LLC increased its stake in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after acquiring an additional 87 shares during the last quarter. Finally, Equitable Trust Co. lifted its stake in shares of Dell Technologies by 3.1% in the 3rd quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after purchasing an additional 88 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

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).