Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Melius Research Analyst Says

Dell Technologies (NYSE:DELL) had its price objective boosted by Melius Research from $140.00 to $155.00 in a research report report published on Wednesday morning,Benzinga reports. Melius Research currently has a buy rating on the technology company’s stock.

A number of other research firms also recently issued reports on DELL. Mizuho began coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They set an “outperform” rating and a $135.00 price objective on the stock. Morgan Stanley increased their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Susquehanna began coverage on Dell Technologies in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price target for the company. Citigroup dropped their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, UBS Group reduced their target price on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.18.

Dell Technologies Trading Down 12.2 %

NYSE DELL opened at $124.38 on Wednesday. Dell Technologies has a 12 month low of $67.51 and a 12 month high of $179.70. The company’s 50-day moving average price is $127.08 and its 200-day moving average price is $126.95. The stock has a market cap of $87.36 billion, a PE ratio of 22.86, a PEG ratio of 1.51 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its 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. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $1.62 earnings per share. As a group, sell-side analysts forecast that Dell Technologies will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 32.72%.

Insider Buying and Selling

In related news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,962,112 shares of company stock valued at $2,114,595,059 in the last three months. 46.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. National Pension Service boosted its stake in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares in the last quarter. Woodmont Investment Counsel LLC purchased a new stake in shares of Dell Technologies in the 3rd quarter valued at about $5,780,000. Harvey Capital Management Inc. acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at about $2,848,000. Chicago Capital LLC grew its stake in Dell Technologies by 3.7% during the 3rd quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock worth $14,399,000 after buying an additional 4,385 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in Dell Technologies by 114.2% in the first quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock valued at $1,163,000 after buying an additional 5,432 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other 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).