Analysts’ Weekly Ratings Changes for Dell Technologies (DELL)

A number of firms have modified their ratings and price targets on shares of Dell Technologies (NYSE: DELL) recently:

• 12/2/2024 – Dell Technologies had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $144.00 to $142.00. They now have a “buy” rating on the stock.
• 11/27/2024 – Dell Technologies had its price target lowered by analysts at Mizuho from $155.00 to $150.00. They now have an “outperform” rating on the stock.
• 11/27/2024 – Dell Technologies had its price target raised by analysts at Barclays PLC from $106.00 to $115.00. They now have an “equal weight” rating on the stock.
• 11/27/2024 – Dell Technologies had its price target raised by analysts at Melius Research from $140.00 to $155.00. They now have a “buy” rating on the stock.
• 11/27/2024 – Dell Technologies had its price target lowered by analysts at Citigroup Inc. from $160.00 to $156.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Dell Technologies had its “outperform” rating reaffirmed by analysts at Evercore ISI. They now have a $150.00 price target on the stock.
• 11/18/2024 – Dell Technologies had its price target raised by analysts at Wells Fargo & Company from $140.00 to $160.00. They now have an “overweight” rating on the stock.
• 11/11/2024 – Dell Technologies had its price target raised by analysts at Morgan Stanley from $136.00 to $154.00. They now have an “overweight” rating on the stock.

Dell Technologies Stock Down 0.6 %

NYSE DELL opened at $118.45 on Monday. The firm has a market cap of $83.20 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.26 and a beta of 0.90. Dell Technologies Inc. has a 52-week low of $70.89 and a 52-week high of $179.70. The business’s 50-day moving average price is $128.21 and its 200 day moving average price is $124.36.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (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 analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.62 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Insider Buying and Selling

In other news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 236,419 shares in the company, valued at $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. The trade was a 37.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,376,935 shares of company stock worth $1,620,145,762 in the last quarter. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently added to or reduced their stakes in DELL. iA Global Asset Management Inc. lifted its holdings in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 5,203 shares in the last quarter. National Pension Service raised its position in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after purchasing an additional 50,304 shares during the period. Woodmont Investment Counsel LLC acquired a new position in shares of Dell Technologies during the third quarter worth about $5,780,000. Harvey Capital Management Inc. purchased a new stake in shares of Dell Technologies in the third quarter worth about $2,848,000. Finally, Chicago Capital LLC grew its stake in shares of Dell Technologies by 3.7% in the third quarter. Chicago Capital LLC now owns 121,466 shares of the technology company’s stock valued at $14,399,000 after buying an additional 4,385 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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).