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

Shares of Dell Technologies Inc. (NYSE:DELL) have been given a consensus recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $102.88.

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of Dell Technologies from $99.00 to $113.00 and gave the company a “buy” rating in a report on Friday, March 1st. The Goldman Sachs Group upped their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Loop Capital began coverage on shares of Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 target price on the stock. Barclays upped their target price on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an “underweight” rating in a report on Friday, March 1st. Finally, Sanford C. Bernstein upped their target price on shares of Dell Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, March 1st.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $108.79, for a total value of $211,557,494.39. Following the sale, the chief executive officer now directly owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the sale, the director now owns 408,694 shares in the company, valued at $51,626,226.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,558,306 shares of company stock worth $956,098,061. Company insiders own 48.60% of the company’s stock.

Institutional Trading of Dell Technologies

Hedge funds have recently modified their holdings of the company. Nordea Investment Management AB raised its position in shares of Dell Technologies by 158.3% in the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock valued at $17,762,000 after acquiring an additional 142,337 shares during the period. AustralianSuper Pty Ltd increased its stake in Dell Technologies by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,339,514 shares of the technology company’s stock worth $102,473,000 after purchasing an additional 164,930 shares in the last quarter. DNB Asset Management AS increased its stake in Dell Technologies by 0.3% during the 4th quarter. DNB Asset Management AS now owns 111,225 shares of the technology company’s stock worth $8,509,000 after purchasing an additional 369 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Dell Technologies by 1,475.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after purchasing an additional 272,144 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Dell Technologies by 45.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,216,861 shares of the technology company’s stock worth $221,605,000 after purchasing an additional 998,298 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

DELL opened at $114.14 on Friday. The company has a market capitalization of $81.22 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.45 and a beta of 0.91. The firm’s fifty day moving average price is $96.15 and its two-hundred day moving average price is $80.18. Dell Technologies has a fifty-two week low of $38.64 and a fifty-two week high of $131.06.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.47. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. On average, equities research analysts expect that Dell Technologies will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Monday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 dividend on an annualized basis and a yield of 1.56%. Dell Technologies’s dividend payout ratio is presently 33.87%.

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).