Dell Technologies Inc. (NYSE:DELL - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $138.00.
Several research analysts recently weighed in on DELL shares. KeyCorp started coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. Citigroup raised their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. UBS Group decreased their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th.
Read Our Latest Research Report on DELL
Dell Technologies Stock Performance
Dell Technologies stock traded down $1.01 during mid-day trading on Friday, reaching $126.90. 3,558,127 shares of the company were exchanged, compared to its average volume of 8,612,370. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $147.66. The firm's 50-day simple moving average is $114.25 and its two-hundred day simple moving average is $105.69. The firm has a market cap of $86.15 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02.
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 (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. During the same period last year, the company posted $1.27 earnings per share. The business's quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Dell Technologies will post 6.93 EPS for the current year.
Dell Technologies Dividend Announcement
The firm also recently announced 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. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.65%. Dell Technologies's payout ratio is currently 33.49%.
Insiders Place Their Bets
In other news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the transaction, the chief executive officer owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This represents a 27.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lake Group L.L.C. Silver sold 10,681 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the transaction, the director owned 938,741 shares in the company, valued at approximately $112,958,704.53. This trade represents a 1.13% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,113,977 shares of company stock worth $1,471,321,229. Company insiders own 42.00% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies during the 4th quarter worth $26,000. N.E.W. Advisory Services LLC bought a new stake in shares of Dell Technologies during the 1st quarter worth $26,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter worth $27,000. Institutional investors and hedge funds own 76.37% of the company's stock.
Dell Technologies Company Profile
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Get Free ReportDell 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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