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

Shares of Dell Technologies Inc. (NYSE:DELL) have been given an average rating of “Moderate Buy” by the nineteen brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $141.24.

A number of equities analysts have recently commented on the stock. Citigroup cut their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Morgan Stanley cut their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft decreased their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Finally, Barclays increased their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 825,662 shares of company stock valued at $100,414,453 in the last 90 days. 46.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DELL. Bellwether Advisors LLC acquired a new stake in Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies during the 4th quarter worth $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the fourth quarter valued at about $28,000. Finally, True Wealth Design LLC boosted its stake 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 purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

NYSE DELL opened at $91.37 on Friday. The firm’s fifty day moving average price is $110.13 and its 200 day moving average price is $117.77. Dell Technologies has a 12 month low of $86.93 and a 12 month high of $179.70. The company has a market capitalization of $64.00 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.30%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is presently 33.76%.

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).