Dell Technologies Inc. (NYSE:DELL) Receives $148.06 Consensus Target Price from Brokerages

Dell Technologies Inc. (NYSE:DELL) has been assigned an average rating of “Moderate Buy” from the eighteen research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $148.06.

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Melius Research upped their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Citigroup reduced their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Mizuho reduced 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 report on Wednesday, November 27th.

Dell Technologies Trading Down 1.6 %

Shares of DELL stock opened at $117.33 on Tuesday. The company’s fifty day moving average price is $126.59 and its 200-day moving average price is $122.99. The stock has a market cap of $82.18 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90. Dell Technologies has a 12 month low of $74.32 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter in the prior year, the company earned $1.62 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Dell Technologies will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.52%. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 approximately $3,132,390.40. The trade was a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,920 shares of company stock valued at $15,426,444 in the last 90 days. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently bought and sold shares of DELL. Clean Yield Group purchased a new stake in shares of Dell Technologies during the third quarter worth about $25,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies during the 2nd quarter valued at approximately $33,000. Crewe Advisors LLC bought a new stake in shares of Dell Technologies during the second quarter valued at approximately $34,000. True Wealth Design LLC boosted its position in shares of 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 acquiring an additional 253 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in Dell Technologies during the second quarter valued at $37,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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).