Dell Technologies (NYSE:DELL) Given New $115.00 Price Target at Barclays

Dell Technologies (NYSE:DELL) had its price objective lifted by Barclays from $106.00 to $115.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft started coverage on Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 price target on the stock. Citigroup boosted their target price on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley increased their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Finally, TD Cowen dropped their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.18.

Dell Technologies Price Performance

NYSE DELL opened at $127.59 on Wednesday. The company’s fifty day moving average is $127.41 and its two-hundred day moving average is $126.91. The firm has a market capitalization of $89.62 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.31 and a beta of 0.89. Dell Technologies has a 52-week low of $67.51 and a 52-week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. Dell Technologies’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 EPS. As a group, sell-side analysts expect that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.40%. Dell Technologies’s dividend payout ratio is 31.45%.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,962,112 shares of company stock worth $2,114,595,059. Insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BOKF NA lifted its holdings in shares of Dell Technologies by 38.2% in the first quarter. BOKF NA now owns 604 shares of the technology company’s stock valued at $72,000 after purchasing an additional 167 shares in the last quarter. California State Teachers Retirement System lifted its stake in Dell Technologies by 1.5% during the 1st quarter. California State Teachers Retirement System now owns 382,939 shares of the technology company’s stock valued at $43,697,000 after acquiring an additional 5,765 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Dell Technologies by 114.2% in the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after acquiring an additional 5,432 shares in the last quarter. Comerica Bank raised its holdings in shares of Dell Technologies by 48.4% in the first quarter. Comerica Bank now owns 28,556 shares of the technology company’s stock valued at $3,259,000 after purchasing an additional 9,307 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its position in shares of Dell Technologies by 2.1% during the first quarter. iA Global Asset Management Inc. now owns 7,228 shares of the technology company’s stock valued at $825,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).