Dell Technologies Inc. (NYSE:DELL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Dell Technologies Inc. (NYSE:DELL) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. Three equities research 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 issued ratings on the stock in the last year is $148.06.

DELL has been the subject of several recent analyst reports. Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Citigroup lowered their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Susquehanna began coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. Evercore ISI reiterated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. 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 the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares in the company, 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. Over the last 90 days, insiders sold 121,920 shares of company stock valued at $15,426,444. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Clean Yield Group bought a new position in Dell Technologies in the third quarter valued at $25,000. True Wealth Design LLC grew its holdings in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the 2nd quarter valued at about $33,000. Crewe Advisors LLC purchased a new stake in shares of Dell Technologies during the second quarter valued at approximately $34,000. Finally, MCF Advisors LLC grew its holdings in shares of Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 2.1 %

Shares of Dell Technologies stock opened at $114.82 on Tuesday. The stock has a fifty day simple moving average of $126.37 and a 200 day simple moving average of $122.78. Dell Technologies has a 12-month low of $74.32 and a 12-month high of $179.70. The company has a market capitalization of $80.43 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released 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. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the firm earned $1.62 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Dell Technologies will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

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