Dell Technologies Inc. (NYSE:DELL) Given Consensus … – MarketBeat

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Dell Technologies logo Shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) have received a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $50.38.
Several equities research analysts have recently commented on the company. UBS Group cut their price target on Dell Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, November 22nd. Morgan Stanley cut their price target on Dell Technologies from $54.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, October 17th. Bank of America cut their price target on Dell Technologies from $60.00 to $55.00 in a research note on Tuesday, November 22nd. Citigroup cut their price target on Dell Technologies from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, November 18th. Finally, Raymond James upped their price target on Dell Technologies from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 22nd.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 91,938 shares of the company’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $42.62, for a total value of $3,918,397.56. Following the sale, the insider now owns 178,627 shares of the company’s stock, valued at $7,613,082.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 47.30% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Large investors have recently made changes to their positions in the stock. Toronto Dominion Bank lifted its position in Dell Technologies by 3.9% during the second quarter. Toronto Dominion Bank now owns 64,703 shares of the technology company’s stock worth $2,989,000 after buying an additional 2,419 shares during the period. Exane Derivatives lifted its position in Dell Technologies by 104.9% during the second quarter. Exane Derivatives now owns 1,424 shares of the technology company’s stock worth $66,000 after buying an additional 729 shares during the period. Candriam S.C.A. lifted its position in Dell Technologies by 34.3% during the second quarter. Candriam S.C.A. now owns 129,906 shares of the technology company’s stock worth $6,002,000 after buying an additional 33,189 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in Dell Technologies during the second quarter worth about $394,000. Finally, UBS Asset Management Americas Inc. lifted its position in Dell Technologies by 1.5% during the second quarter. UBS Asset Management Americas Inc. now owns 1,384,737 shares of the technology company’s stock worth $63,989,000 after buying an additional 19,968 shares during the period. Institutional investors and hedge funds own 26.42% of the company’s stock.

Dell Technologies Trading Up 2.7 %

Shares of NYSE DELL opened at $39.82 on Friday. Dell Technologies has a twelve month low of $32.90 and a twelve month high of $61.54. The stock has a 50 day moving average of $40.84 and a two-hundred day moving average of $41.55. The stock has a market cap of $28.52 billion, a P/E ratio of 16.73, a P/E/G ratio of 0.51 and a beta of 0.96.
Dell Technologies (NYSE:DELL – Get Rating) last issued its quarterly earnings data on Monday, November 21st. The technology company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.69. Dell Technologies had a negative return on equity of 208.47% and a net margin of 1.74%. The company had revenue of $24.72 million during the quarter, compared to analysts’ expectations of $24.61 billion. During the same quarter in the previous year, the business earned $2.37 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, research analysts predict that Dell Technologies will post 6.46 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 3rd. Shareholders of record on Wednesday, January 25th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.31%. The ex-dividend date is Tuesday, January 24th. Dell Technologies’s dividend payout ratio (DPR) is 55.46%.

About Dell Technologies

(Get Rating)
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).

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Analyst Recommendations for Dell Technologies (NYSE:DELL)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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