Dell Technologies (NYSE:DELL) Given New $150.00 Price Target at Bank of America

Dell Technologies (NYSE:DELL) had its price target cut by Bank of America from $155.00 to $150.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

DELL has been the subject of a number of other research reports. Mizuho cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $145.65.

Dell Technologies Trading Up 5.2 %

Shares of NYSE:DELL opened at $120.35 on Tuesday. The company has a 50 day moving average of $112.99 and a 200 day moving average of $117.25. The stock has a market cap of $84.30 billion, a P/E ratio of 21.26, a P/E/G ratio of 0.91 and a beta of 0.90. Dell Technologies has a 12 month low of $80.49 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the previous year, the company earned $1.62 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that Dell Technologies will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated 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 sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 945,407 shares of company stock valued at $115,564,106 in the last three months. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

Several institutional investors have recently bought and sold shares of DELL. Bellwether Advisors LLC purchased a new stake in Dell Technologies during the 4th quarter valued at about $25,000. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $28,000. Finally, True Wealth Design LLC boosted its holdings in shares of Dell Technologies by 2,530.0% during 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 last quarter. 76.37% of the stock is owned by hedge funds and other 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).