Dell Technologies Inc. (NYSE:DELL) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Dell Technologies Inc. has received an average rating of "Moderate Buy" from analysts, with 16 out of 20 providing buy recommendations and an average one-year price target of $140.06.
• The company reported a 5.1% year-over-year increase in revenue to $23.38 billion, although it missed earnings per share estimates by $0.13.
• Insider activity shows significant selling, including CEO Michael S. Dell selling 10 million shares at an average price of $122.27, reducing his stake by 27.85%.

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $140.0588.

DELL has been the topic of several research analyst reports. TD Cowen boosted their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. KeyCorp assumed coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Raymond James Financial boosted their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Finally, Bank of America increased their target price on Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, July 18th.

Dell Technologies Stock Up 0.2%

NYSE DELL opened at $130.46 on Wednesday. The stock's 50-day moving average price is $121.80 and its 200-day moving average price is $107.16. The company has a market capitalization of $88.56 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 1.06 and a beta of 1.02. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the prior year, the company posted $1.27 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. Research analysts anticipate that Dell Technologies will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were issued a $0.525 dividend. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies's payout ratio is presently 33.49%.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the sale, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William F. Scannell sold 91,230 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, the insider directly owned 56,429 shares in the company, valued at $6,682,322.18. The trade was a 61.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,947,063 shares of company stock valued at $1,577,559,812 over the last 90 days. 42.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently modified their holdings of the business. Bellwether Advisors LLC purchased a new stake in Dell Technologies during the fourth quarter worth $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies during the 1st quarter worth $25,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies during the first quarter valued at about $26,000. Cheviot Value Management LLC purchased a new position in Dell Technologies in the first quarter valued at about $27,000. Finally, Flaharty Asset Management LLC bought a new position in Dell Technologies in the first quarter worth about $27,000. Institutional investors own 76.37% of the company's stock.

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).

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