Brokerages Set Dell Technologies Inc. (NYSE:DELL) Price Target at $143.50

Dell Technologies Inc. (NYSE:DELL) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $143.50.

DELL has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, August 30th. Sanford C. Bernstein decreased their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Morgan Stanley decreased their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, UBS Group decreased their price objective on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th.

Insiders Place Their Bets

In other news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the transaction, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the transaction, the director now directly owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,978,043 shares of company stock worth $2,116,671,062. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several hedge funds have recently added to or reduced their stakes in DELL. Capital World Investors acquired a new stake in Dell Technologies in the first quarter valued at approximately $835,946,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock valued at $284,165,000 after acquiring an additional 3,038,891 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings 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 acquiring an additional 1,011,512 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in Dell Technologies by 159.8% in the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after acquiring an additional 832,144 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Dell Technologies by 303.6% in the first quarter. Nordea Investment Management AB now owns 937,398 shares of the technology company’s stock valued at $107,173,000 after acquiring an additional 705,167 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $127.73 on Thursday. Dell Technologies has a fifty-two week low of $63.90 and a fifty-two week high of $179.70. The stock has a market capitalization of $90.60 billion, a P/E ratio of 26.07, a P/E/G ratio of 1.29 and a beta of 0.90. The company’s 50-day simple moving average is $111.52 and its 200-day simple moving average is $125.09.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the business earned $1.44 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts forecast that Dell Technologies will post 6.91 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 36.33%.

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).