Dell Technologies (NYSE:DELL) Price Target Cut to $142.00 by Analysts at Deutsche Bank Aktiengesellschaft

Dell Technologies (NYSE:DELL) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $144.00 to $142.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Other equities analysts have also issued reports about the stock. Morgan Stanley increased their price objective on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Citigroup reduced their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. UBS Group dropped their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. TD Cowen reduced their target price on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.06.

Dell Technologies Stock Performance

NYSE:DELL opened at $125.83 on Monday. The stock’s fifty day moving average price is $127.58 and its two-hundred day moving average price is $126.56. The company has a market cap of $88.38 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.34 and a beta of 0.89. Dell Technologies has a 52-week low of $67.51 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 earnings per share. On average, equities analysts predict that Dell Technologies will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is presently 31.45%.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $3,132,390.40. This represents a 2.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the sale, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. 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. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $25,000. Accordant Advisory Group Inc acquired a new stake in Dell Technologies in the second quarter valued at $28,000. True Wealth Design LLC grew its position in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the period. Nemes Rush Group LLC acquired a new position in shares of Dell Technologies during the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC bought a new stake in shares of Dell Technologies in the 2nd quarter valued at about $34,000. 38.10% of the stock is currently owned by institutional investors.

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).