Dell Technologies (NYSE:DELL) Price Target Raised to $115.00

Dell Technologies (NYSE:DELL) had its target price boosted by Barclays from $106.00 to $115.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. Bank of America upped their price target on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group decreased their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. TD Cowen dropped their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Evercore ISI reissued an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. lifted their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.18.

Dell Technologies Price Performance

Shares of DELL stock opened at $127.59 on Wednesday. The firm’s 50-day simple moving average is $127.41 and its 200-day simple moving average is $126.91. Dell Technologies has a 1-year low of $67.51 and a 1-year high of $179.70. The firm has a market cap of $89.62 billion, a P/E ratio of 22.54, a PEG ratio of 1.31 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.62 EPS. Analysts expect that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.40%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at $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. In the last 90 days, insiders sold 17,962,112 shares of company stock worth $2,114,595,059. Insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of large investors have recently bought and sold shares of DELL. Clean Yield Group bought a new position in Dell Technologies during the third quarter valued at about $25,000. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies in the 2nd quarter valued at approximately $28,000. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies in the 1st quarter worth approximately $30,000. True Wealth Design LLC boosted its position in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the period. Finally, Nemes Rush Group LLC acquired a new position in Dell Technologies during the second quarter valued at approximately $33,000. 38.10% of the stock is currently 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).