Dell Technologies (NYSE:DELL) Given New $116.00 Price Target at Barclays

Dell Technologies (NYSE:DELL) had its target price lifted by Barclays from $115.00 to $116.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the technology company’s stock.

DELL has been the topic of a number of other research reports. TD Cowen cut their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Mizuho dropped their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. JPMorgan Chase & Co. dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.53.

Dell Technologies Stock Down 4.6 %

DELL stock opened at $102.85 on Friday. The business’s fifty day moving average is $112.57 and its 200-day moving average is $118.17. The company has a market cap of $72.04 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Dell Technologies has a twelve month low of $86.93 and a twelve month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 191.91% and a net margin of 4.36%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.62 EPS. Research analysts anticipate that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.04%. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the transaction, the chief financial officer now owns 228,419 shares of the company’s stock, valued at $28,739,678.58. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock valued at $114,418,186 in the last 90 days. 46.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Hedge funds have recently modified their holdings of the stock. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies in the 4th quarter valued at about $1,272,000. iA Global Asset Management Inc. grew its holdings in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. National Pension Service grew its holdings in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares during the period. Sky Investment Group LLC bought a new position in Dell Technologies during the fourth quarter worth about $1,687,000. Finally, Enclave Advisors LLC bought a new position in Dell Technologies during the fourth quarter worth about $848,000. Institutional investors own 76.37% of the company’s stock.

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).