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 a consensus rating of "Moderate Buy" from the nineteen brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $134.65.

A number of research firms have recently weighed in on DELL. UBS Group lowered their price objective on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Mizuho upped their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday. TD Cowen reduced their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Morgan Stanley upped their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Barclays boosted their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th.

Insider Activity

In other news, CAO Brunilda Rios sold 926 shares of the company's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares of the company's stock, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company's stock.

Institutional Trading of Dell Technologies

A number of hedge funds have recently added to or reduced their stakes in DELL. Empowered Funds LLC boosted its stake in shares of Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company's stock valued at $3,502,000 after purchasing an additional 3,470 shares in the last quarter. Bay Rivers Group bought a new stake in Dell Technologies during the 4th quarter valued at $2,347,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Dell Technologies by 163.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company's stock valued at $1,909,000 after acquiring an additional 10,281 shares during the period. Jennison Associates LLC raised its position in shares of Dell Technologies by 3.2% in the 4th quarter. Jennison Associates LLC now owns 1,165,754 shares of the technology company's stock worth $134,341,000 after acquiring an additional 36,621 shares in the last quarter. Finally, Swedbank AB lifted its stake in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 0.0%

Shares of DELL stock opened at $111.98 on Friday. The company has a 50 day simple moving average of $93.26 and a two-hundred day simple moving average of $108.25. The stock has a market cap of $78.14 billion, a P/E ratio of 19.78, a P/E/G ratio of 1.10 and a beta of 0.99. Dell Technologies has a 12 month low of $66.25 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a $0.525 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 1.88%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's dividend payout ratio (DPR) is currently 33.76%.

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).

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