Dell Technologies (NYSE:DELL) Given New $142.00 Price Target at Deutsche Bank Aktiengesellschaft

Dell Technologies (NYSE:DELL) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $144.00 to $142.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms also recently weighed in on DELL. Evercore ISI reissued an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Citigroup cut their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Bank of America lifted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Morgan Stanley increased their price target on Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Raymond James dropped their price objective on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Stock Performance

Shares of DELL opened at $125.83 on Monday. The firm has a market cap of $88.38 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. Dell Technologies has a 52 week low of $67.51 and a 52 week high of $179.70. The firm’s 50-day simple moving average is $127.58 and its 200 day simple moving average is $126.56.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.62 earnings per share. As a group, equities analysts forecast that Dell Technologies will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.41%. Dell Technologies’s payout ratio is currently 31.45%.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $129.50, for a total transaction of $93,887.50. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. This represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059. 46.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC raised its stake in shares of Dell Technologies by 1.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock valued at $822,000 after acquiring an additional 80 shares during the last quarter. Intrepid Financial Planning Group LLC raised its position in Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 80 shares during the last quarter. Smithfield Trust Co lifted its holdings in Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after buying an additional 84 shares during the period. Graypoint LLC grew its position in shares of Dell Technologies by 4.3% in the 3rd quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after buying an additional 86 shares during the last quarter. Finally, Affinity Wealth Management LLC increased its stake in shares of Dell Technologies by 2.5% in the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock valued at $422,000 after buying an additional 87 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).