Dell Technologies (NYSE:DELL) Price Target Raised to $155.00

Dell Technologies (NYSE:DELL) had its price target upped by Melius Research from $140.00 to $155.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

DELL has been the subject of a number of other reports. TD Cowen lowered their price objective on Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Susquehanna initiated coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Bank of America upped their price objective on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price objective for the company. Finally, Evercore ISI restated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $148.18.

Dell Technologies Price Performance

NYSE:DELL opened at $127.59 on Wednesday. Dell Technologies has a one year low of $67.51 and a one year high of $179.70. The company has a market cap of $89.62 billion, a PE ratio of 22.54, a P/E/G ratio of 1.31 and a beta of 0.89. The firm’s 50 day simple moving average is $127.41 and its 200 day simple moving average is $126.91.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 184.20%. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 earnings per share. Equities research analysts expect that Dell Technologies will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.40%. Dell Technologies’s dividend payout ratio is 31.45%.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,962,112 shares of company stock worth $2,114,595,059 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC increased its stake in Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after buying an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after buying an additional 2,415,234 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Dell Technologies by 2.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,276,779 shares of the technology company’s stock worth $319,771,000 after buying an additional 51,804 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its holdings in shares of Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock valued at $254,479,000 after acquiring an additional 699,204 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors.

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).