Dell Technologies Inc. (NYSE:DELL) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Dell Technologies Inc. (NYSE:DELL) have been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $148.06.

DELL has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Melius Research raised their target price on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Finally, Citigroup dropped their price target on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on 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 approximately $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 945,407 shares of company stock worth $115,573,009. 46.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Burns J W & Co. Inc. NY purchased a new position in shares of Dell Technologies in the 4th quarter worth about $1,272,000. iA Global Asset Management Inc. lifted its stake in shares of Dell Technologies by 84.7% in 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 during the last quarter. National Pension Service lifted its stake in shares of Dell Technologies by 8.8% in the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares during the last quarter. Sky Investment Group LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $1,687,000. Finally, Woodmont Investment Counsel LLC bought a new stake in shares of Dell Technologies in the 3rd quarter valued at about $5,780,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $114.99 on Friday. Dell Technologies has a 52 week low of $80.49 and a 52 week high of $179.70. The stock has a 50 day moving average price of $121.92 and a two-hundred day moving average price of $119.70. The stock has a market capitalization of $80.55 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter last year, the firm posted $1.62 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts forecast that Dell Technologies will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a $0.445 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.55%. Dell Technologies’s payout ratio is presently 31.45%.

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).