Evercore ISI Lowers Dell Technologies (NYSE:DELL) Price Target to $140.00

Dell Technologies (NYSE:DELL) had its price target trimmed by Evercore ISI from $165.00 to $140.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Other research analysts also recently issued research reports about the stock. Barclays lowered their price target on shares of Dell Technologies from $98.00 to $97.00 and set an underweight rating for the company in a report on Friday, May 31st. Loop Capital lifted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a buy rating in a report on Tuesday, May 28th. Morgan Stanley reissued an overweight rating and set a $155.00 target price on shares of Dell Technologies in a research report on Monday, June 17th. UBS Group lifted their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a buy rating in a research note on Friday, April 19th. Finally, Sanford C. Bernstein increased their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the company an outperform rating in a research note on Monday, May 20th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has a consensus rating of Moderate Buy and a consensus target price of $132.06.

Dell Technologies Stock Up 7.2 %

Shares of Dell Technologies stock opened at $110.32 on Monday. Dell Technologies has a 52 week low of $53.62 and a 52 week high of $179.70. The stock’s 50-day simple moving average is $126.26 and its 200-day simple moving average is $120.17. The company has a market capitalization of $78.25 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The business had revenue of $22.24 billion for the quarter, compared to analysts’ expectations of $21.70 billion. On average, equities analysts expect that Dell Technologies will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is presently 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the sale, the director now directly owns 114,317 shares in the company, valued at approximately $15,462,517.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the sale, the director now directly owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the transaction, the director now owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,058,131 shares of company stock worth $963,293,619. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of DELL. Jones Financial Companies Lllp purchased a new stake in shares of Dell Technologies during the fourth quarter worth about $25,000. Massmutual Trust Co. FSB ADV grew its position 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. Accordant Advisory Group Inc acquired a new position in Dell Technologies during the 2nd quarter valued at approximately $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the first quarter worth $30,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the second quarter worth $33,000. 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).