Dell Technologies Inc. (NYSE:DELL – Get Rating) has been assigned an average rating of “Hold” from the eighteen brokerages that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $49.63.
A number of brokerages recently issued reports on DELL. UBS Group reduced their price target on Dell Technologies from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, November 22nd. Jefferies Financial Group began coverage on Dell Technologies in a research report on Monday, October 31st. They set a “hold” rating and a $39.00 price target on the stock. Bank of America reduced their price target on Dell Technologies from $60.00 to $55.00 in a research report on Tuesday, November 22nd. Morgan Stanley reduced their price target on Dell Technologies from $54.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $55.00 to $48.00 in a report on Tuesday, November 22nd.
Insider Buying and Selling
In related news, insider William F. Scannell sold 91,938 shares of the firm’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $42.62, for a total transaction of $3,918,397.56. Following the completion of the transaction, the insider now directly owns 178,627 shares of the company’s stock, valued at approximately $7,613,082.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 47.30% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of DELL. Cambridge Investment Research Advisors Inc. raised its position in Dell Technologies by 17.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,076 shares of the technology company’s stock worth $706,000 after purchasing an additional 2,117 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Dell Technologies in the 1st quarter worth about $304,000. MetLife Investment Management LLC bought a new position in shares of Dell Technologies in the 1st quarter worth about $568,000. Rhumbline Advisers raised its position in shares of Dell Technologies by 2.0% in the 1st quarter. Rhumbline Advisers now owns 254,266 shares of the technology company’s stock worth $12,762,000 after acquiring an additional 4,949 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Dell Technologies by 5.2% in the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock worth $306,000 after acquiring an additional 302 shares in the last quarter. 26.42% of the stock is owned by institutional investors.
Dell Technologies Trading Down 1.7 %
Shares of NYSE DELL opened at $40.31 on Tuesday. The firm has a market cap of $28.87 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 0.53 and a beta of 0.98. Dell Technologies has a 1-year low of $32.90 and a 1-year high of $61.54. The business’s 50 day moving average is $41.29 and its 200-day moving average is $40.73.
Dell Technologies (NYSE:DELL – Get Rating) last announced its earnings results on Monday, November 21st. The technology company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.69. The company had revenue of $24.72 million for the quarter, compared to analyst estimates of $24.61 billion. Dell Technologies had a negative return on equity of 208.47% and a net margin of 1.74%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.37 earnings per share. Analysts forecast that Dell Technologies will post 6.43 EPS for the current year.
Dell Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Wednesday, January 25th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.27%. The ex-dividend date is Tuesday, January 24th. Dell Technologies’s dividend payout ratio is currently 55.46%.
Dell Technologies Company Profile
Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.
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