Dell Technologies Inc. (NYSE:DELL) Receives $148.18 Consensus Price Target from Analysts

Shares of Dell Technologies Inc. (NYSE:DELL) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $148.06.

A number of analysts have weighed in on DELL shares. Wells Fargo & Company increased their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. UBS Group decreased their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Citigroup decreased their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Melius Research raised their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th.

Insider Activity at Dell Technologies

In related news, insider William F. Scannell sold 42,595 shares of the business’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 in the company, valued at $8,593,017.27. The trade was a 36.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction 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 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. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently made changes to their positions in the company. Clean Yield Group acquired a new position in Dell Technologies during the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc acquired a new position in Dell Technologies in the second quarter valued at approximately $28,000. True Wealth Design LLC boosted its stake in Dell Technologies by 2,530.0% in the third 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. Nemes Rush Group LLC acquired a new stake in Dell Technologies during the 2nd quarter worth $33,000. Finally, Crewe Advisors LLC bought a new stake in shares of Dell Technologies during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Stock Down 0.2 %

Shares of DELL stock opened at $125.54 on Friday. Dell Technologies has a 12 month low of $67.51 and a 12 month high of $179.70. The business’s 50 day moving average is $127.74 and its two-hundred day moving average is $126.39. The company has a market cap of $88.18 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.35 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 EPS. As a group, equities analysts expect that Dell Technologies will post 6.92 EPS 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. Stockholders of record on Wednesday, January 22nd will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.42%. Dell Technologies’s payout ratio is currently 31.45%.

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).