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

Shares of Dell Technologies Inc. (NYSE:DELLGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $135.81.

DELL has been the topic of several research reports. Evercore ISI boosted their price objective on shares of Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Morgan Stanley boosted their price objective on shares of Dell Technologies from $152.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Bank of America boosted their price objective on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Loop Capital boosted their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, TD Cowen lifted their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday, May 31st.

Get Our Latest Stock Report on DELL

Dell Technologies Price Performance

Shares of DELL opened at $135.02 on Friday. The company has a market capitalization of $96.38 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.64 and a beta of 0.85. Dell Technologies has a one year low of $48.63 and a one year high of $179.70. The company’s fifty day moving average price is $133.99 and its 200 day moving average price is $104.59.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.32%. Dell Technologies’s payout ratio is presently 36.33%.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 139,419 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the transaction, the chief executive officer now owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael S. Dell sold 139,419 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the transaction, the chief executive officer now owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The disclosure for this sale can be found here. Insiders have sold 6,510,156 shares of company stock worth $780,049,693 in the last quarter. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its holdings in shares of Dell Technologies by 83.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after purchasing an additional 1,011,512 shares during the last quarter. Cambridge Trust Co. raised its holdings in shares of Dell Technologies by 89.6% in the first quarter. Cambridge Trust Co. now owns 2,406 shares of the technology company’s stock valued at $275,000 after purchasing an additional 1,137 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of Dell Technologies by 259.3% in the first quarter. Cetera Advisors LLC now owns 29,532 shares of the technology company’s stock valued at $3,370,000 after purchasing an additional 21,312 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Dell Technologies by 156.3% in the first quarter. Cetera Investment Advisers now owns 82,664 shares of the technology company’s stock valued at $9,433,000 after purchasing an additional 50,411 shares during the last quarter. Finally, PGGM Investments raised its holdings in shares of Dell Technologies by 5.7% in the first quarter. PGGM Investments now owns 62,481 shares of the technology company’s stock valued at $7,130,000 after purchasing an additional 3,372 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Company Profile

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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).

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Analyst Recommendations for Dell Technologies (NYSE:DELL)

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