Analysts Set Dell Technologies Inc. (NYSE:DELL) PT at $143.50

Shares of Dell Technologies Inc. (NYSE:DELL) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $143.50.

A number of brokerages recently commented on DELL. TD Cowen reduced their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 price target on the stock. Wells Fargo & Company reduced their target price on Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Morgan Stanley lowered their price target on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Finally, Susquehanna assumed coverage on shares of Dell Technologies in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 price objective for the company.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 10,000,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the transaction, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the sale, the chief executive officer now owns 16,912,241 shares in the company, valued at $2,070,058,298.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now owns 23,680 shares in the company, valued at $3,066,560. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DELL. Clean Yield Group acquired a new stake in shares of Dell Technologies in the third quarter valued at about $25,000. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies during the 2nd quarter valued at approximately $28,000. New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies in the 1st quarter valued at about $30,000. Nemes Rush Group LLC acquired a new position in Dell Technologies in the second quarter worth about $33,000. Finally, Crewe Advisors LLC bought a new position in Dell Technologies during the 2nd quarter worth approximately $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 3.6 %

DELL opened at $138.30 on Monday. Dell Technologies has a 52 week low of $67.51 and a 52 week high of $179.70. The business has a 50 day moving average price of $119.49 and a two-hundred day moving average price of $125.78. The company has a market cap of $97.14 billion, a PE ratio of 25.42, a P/E/G ratio of 1.38 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. As a group, sell-side analysts expect that Dell Technologies will post 6.91 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.29%. Dell Technologies’s dividend payout ratio is currently 32.72%.

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).