Dell Technologies (NYSE:DELL) Upgraded to Positive at OTR Global

OTR Global upgraded shares of Dell Technologies (NYSE:DELL) from a negative rating to a positive rating in a research report released on Wednesday, MarketBeat.com reports.

DELL has been the subject of several other research reports. Barclays raised their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Wells Fargo & Company increased their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Morgan Stanley increased their price target on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, Melius Research increased their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.47.

Dell Technologies Stock Performance

Shares of DELL opened at $112.93 on Wednesday. Dell Technologies has a 52 week low of $80.49 and a 52 week high of $179.70. The firm has a market capitalization of $79.10 billion, a P/E ratio of 19.95, a P/E/G ratio of 0.91 and a beta of 0.90. The company has a 50-day simple moving average of $113.92 and a 200-day simple moving average of $117.18.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the business posted $1.62 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Dell Technologies will post 6.92 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were issued a $0.445 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a yield of 1.58%. Dell Technologies’s dividend payout ratio (DPR) is presently 31.45%.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $100,943,009.64. The trade was a 28.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total transaction of $95,903.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $3,132,390.40. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 946,132 shares of company stock worth $115,660,009 over the last ninety days. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DELL. Exchange Traded Concepts LLC increased its stake in Dell Technologies by 1,290.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,076 shares of the technology company’s stock valued at $602,000 after buying an additional 4,711 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in shares of Dell Technologies by 11.9% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 1,885 shares of the technology company’s stock valued at $223,000 after acquiring an additional 200 shares during the period. Wesbanco Bank Inc. grew its position in shares of Dell Technologies by 38.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 29,181 shares of the technology company’s stock valued at $3,459,000 after acquiring an additional 8,065 shares during the period. Creative Planning grew its position in shares of Dell Technologies by 16.8% in the 3rd quarter. Creative Planning now owns 98,961 shares of the technology company’s stock valued at $11,435,000 after acquiring an additional 14,217 shares during the period. Finally, NBC Securities Inc. grew its position in shares of Dell Technologies by 53.4% in the 3rd quarter. NBC Securities Inc. now owns 12,709 shares of the technology company’s stock valued at $1,506,000 after acquiring an additional 4,423 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Company Profile

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).