Dell Technologies (NYSE:DELL) Price Target Raised to $140.00 at Evercore ISI

Dell Technologies (NYSE:DELL - Free Report) had its price target lifted by Evercore ISI from $120.00 to $140.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the technology company's stock.

Several other analysts also recently issued reports on DELL. Mizuho upped their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Morgan Stanley upped their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Raymond James boosted their price objective on Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Citigroup raised their target price on Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $135.82.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $1.73 during mid-day trading on Friday, reaching $113.84. 2,731,415 shares of the company traded hands, compared to its average volume of 10,213,514. The company's fifty day moving average is $93.85 and its two-hundred day moving average is $107.53. Dell Technologies has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The stock has a market cap of $79.44 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.84%. This is an increase from Dell Technologies's previous quarterly dividend of $0.45. Dell Technologies's payout ratio is currently 33.76%.

Insider Activity

In related news, CAO Brunilda Rios sold 926 shares of the 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 completion of the transaction, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $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 available at this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This represents 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

Several institutional investors have recently bought and sold shares of DELL. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies during the 1st quarter valued at about $25,000. Vision Financial Markets LLC acquired a new position in Dell Technologies in the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies during the fourth quarter worth about $26,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the first quarter worth approximately $26,000. Institutional investors and hedge funds 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).