Dell Technologies Inc. (NYSE:DELL) Given Consensus Rating of “Moderate Buy” by Analysts

Dell Technologies Inc. (NYSE:DELL) has been given an average rating of “Moderate Buy” by the fifteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $135.81.

A number of brokerages recently issued reports on DELL. Citigroup increased their price objective on Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. raised their price target on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Monday, May 20th. UBS Group raised their price target on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Loop Capital raised their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Sanford C. Bernstein raised their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the completion of the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. Insiders sold a total of 6,246,728 shares of company stock worth $842,917,457 in the last quarter. 46.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DELL. Raymond James & Associates grew its holdings in shares of Dell Technologies by 27.2% in the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after acquiring an additional 58,590 shares during the period. Nordea Investment Management AB grew its holdings in shares of Dell Technologies by 158.3% in the fourth quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after acquiring an additional 142,337 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Dell Technologies by 171.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 10,350 shares during the period. Aigen Investment Management LP bought a new stake in shares of Dell Technologies in the fourth quarter worth $410,000. Finally, Assenagon Asset Management S.A. grew its holdings in Dell Technologies by 1,475.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock valued at $22,230,000 after purchasing an additional 272,144 shares during the period. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $142.76 on Tuesday. The company has a market capitalization of $101.26 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92. The business has a fifty day moving average price of $138.43 and a two-hundred day moving average price of $110.55. Dell Technologies has a 1 year low of $52.05 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. The company had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. Sell-side analysts anticipate that Dell Technologies will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s payout ratio is presently 36.33%.

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).