Dell Technologies Inc. (NYSE:DELL) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nineteen analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $138.00.

DELL has been the subject of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Mizuho boosted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. UBS Group reduced their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Citigroup boosted their target price on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, TD Cowen lifted their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the transaction, the director now owns 938,741 shares in the company, valued at $105,918,147.03. This represents a 35.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,379,092 shares of company stock valued at $156,638,174 over the last quarter. Insiders own 42.00% of the company's stock.

Institutional Trading of Dell Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in DELL. Rhumbline Advisers increased its stake in Dell Technologies by 4.0% in the 4th quarter. Rhumbline Advisers now owns 635,264 shares of the technology company's stock worth $73,208,000 after purchasing an additional 24,205 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of Dell Technologies by 44.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after acquiring an additional 809 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Dell Technologies by 10.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 116,295 shares of the technology company's stock valued at $13,402,000 after acquiring an additional 11,155 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Dell Technologies by 79.4% in the 4th quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock valued at $1,312,000 after acquiring an additional 5,040 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after purchasing an additional 552,213 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Up 2.1%

NYSE:DELL traded up $2.39 during trading hours on Tuesday, reaching $118.95. 4,368,028 shares of the stock were exchanged, compared to its average volume of 9,090,193. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $161.52. The business has a 50-day moving average of $103.05 and a two-hundred day moving average of $105.24. The company has a market capitalization of $83.01 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.08 and a beta of 1.01.

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

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.77%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

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).