Dell Technologies (NYSE:DELL) PT Raised to $98.00 at Barclays

Dell Technologies (NYSE:DELL) had its target price increased by Barclays from $94.00 to $98.00 in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have an underweight rating on the technology company’s stock.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group boosted their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a buy rating in a report on Monday, March 4th. Morgan Stanley upped their price objective on Dell Technologies from $128.00 to $152.00 and gave the company an overweight rating in a research note on Wednesday, May 15th. Loop Capital initiated coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They issued a buy rating and a $125.00 price target on the stock. Evercore ISI lifted their price objective on shares of Dell Technologies from $140.00 to $165.00 and gave the stock an outperform rating in a research report on Thursday, May 16th. Finally, TD Cowen increased 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 report on Friday, March 1st. 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’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $122.00.

Dell Technologies Trading Up 4.3 %

Dell Technologies stock opened at $160.18 on Tuesday. The stock has a 50-day moving average price of $125.93 and a two-hundred day moving average price of $97.72. Dell Technologies has a 12 month low of $44.45 and a 12 month high of $166.77. The company has a market capitalization of $114.33 billion, a PE ratio of 36.65, a P/E/G ratio of 2.31 and a beta of 0.87.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. As a group, analysts predict that Dell Technologies will post 6.74 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.11%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, April 22nd. Dell Technologies’s dividend payout ratio is presently 40.73%.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the transaction, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the sale, the chief executive officer now directly owns 36,389,719 shares of the company’s stock, valued at approximately $3,894,791,624.57. The disclosure for this sale can be found here. Insiders have sold a total of 6,382,204 shares of company stock worth $718,452,037 in the last 90 days. 48.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently modified their holdings of DELL. Massmutual Trust Co. FSB ADV boosted its stake in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies during the first quarter worth $30,000. Central Bank & Trust Co. acquired a new position in shares of Dell Technologies in the 1st quarter valued at $34,000. Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Finally, EntryPoint Capital LLC lifted its stake in Dell Technologies by 748.7% during the first quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock worth $38,000 after purchasing an additional 292 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other 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).