Dell Technologies Inc. (NYSE:DELL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Dell Technologies Inc. (NYSE:DELL) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $135.81.

DELL has been the subject of a number of recent research reports. Citigroup increased their target price on shares of Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. TD Cowen upped their price target on Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st. Bank of America lifted their price objective on Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. raised their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th.

Dell Technologies Stock Down 5.5 %

Shares of NYSE DELL opened at $102.48 on Friday. Dell Technologies has a 52-week low of $52.05 and a 52-week high of $179.70. The company’s 50-day simple moving average is $135.89 and its 200-day simple moving average is $119.20. The firm has a market cap of $72.69 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. The company had revenue of $22.24 billion during the quarter, compared to analyst estimates of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. Equities research analysts anticipate that Dell Technologies will post 6.85 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a yield of 1.74%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the sale, the director now owns 787,669 shares in the company, valued at $105,878,466.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now directly owns 731,612 shares in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold 7,058,131 shares of company stock valued at $963,293,619 in the last quarter. Corporate insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

A number of hedge funds have recently added to or reduced their stakes in DELL. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after purchasing an additional 25,117 shares in the last quarter. Raymond James & Associates lifted its holdings in Dell Technologies by 27.2% in the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock valued at $20,936,000 after acquiring an additional 58,590 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Dell Technologies by 171.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 10,350 shares in the last quarter. LRI Investments LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth $104,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Dell Technologies by 31.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after purchasing an additional 1,539 shares in the last quarter. 38.10% of the stock is owned by institutional investors and hedge funds.

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).