Dell Technologies’ (DELL) Outperform Rating Reiterated at Evercore ISI

Evercore ISI reissued their outperform rating on shares of Dell Technologies (NYSE:DELL) in a research report released on Monday morning, Benzinga reports. Evercore ISI currently has a $165.00 price target on the technology company’s stock.

DELL has been the topic of a number of other research reports. Morgan Stanley reissued an overweight rating and issued a $155.00 price target on shares of Dell Technologies in a research note on Monday, June 17th. Sanford C. Bernstein boosted their target price on Dell Technologies from $120.00 to $155.00 and gave the stock an outperform rating in a report on Monday, May 20th. JPMorgan Chase & Co. upped their price target on Dell Technologies from $125.00 to $155.00 and gave the stock an overweight rating in a report on Monday, May 20th. The Goldman Sachs Group upped their target price on Dell Technologies from $87.00 to $129.00 and gave the company a buy rating in a research note on Monday, March 4th. Finally, Citigroup upped their target price on Dell Technologies from $125.00 to $170.00 and gave the company a buy rating in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $135.81.

Dell Technologies Trading Up 3.5 %

DELL stock opened at $142.76 on Monday. Dell Technologies has a twelve month low of $52.05 and a twelve month high of $179.70. The company has a market capitalization of $101.26 billion, a P/E ratio of 29.13, a PEG ratio of 1.71 and a beta of 0.92. The firm has a 50 day simple moving average of $138.43 and a 200-day simple moving average of $110.55.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The company had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. On average, research analysts predict that Dell Technologies will post 6.85 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.25%. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Insider Activity

In related news, CEO Michael S. Dell sold 139,419 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total value of $18,986,079.42. Following the transaction, the chief executive officer now directly owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider William F. Scannell sold 106,483 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 139,419 shares of Dell Technologies stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $136.18, for a total value of $18,986,079.42. Following the completion of the sale, the chief executive officer now directly owns 30,272,822 shares of the company’s stock, valued at approximately $4,122,552,899.96. The disclosure for this sale can be found here. Insiders have sold 6,246,728 shares of company stock valued at $842,917,457 in the last ninety days. 46.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale lifted its position in Dell Technologies by 83.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after purchasing an additional 1,011,512 shares during the last quarter. Cambridge Trust Co. boosted its holdings in Dell Technologies by 89.6% in the first quarter. Cambridge Trust Co. now owns 2,406 shares of the technology company’s stock worth $275,000 after acquiring an additional 1,137 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Dell Technologies by 259.3% in the first quarter. Cetera Advisors LLC now owns 29,532 shares of the technology company’s stock worth $3,370,000 after acquiring an additional 21,312 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Dell Technologies by 156.3% during the first quarter. Cetera Investment Advisers now owns 82,664 shares of the technology company’s stock valued at $9,433,000 after purchasing an additional 50,411 shares in the last quarter. Finally, PGGM Investments lifted its holdings in shares of Dell Technologies by 5.7% during the first quarter. PGGM Investments now owns 62,481 shares of the technology company’s stock valued at $7,130,000 after purchasing an additional 3,372 shares in the last quarter. Hedge funds and other institutional investors own 38.10% 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).