Dell Technologies Inc. (NYSE:DELL) Receives Average Rating of "Moderate Buy" from Brokerages – MarketBeat
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Dell Technologies Inc. (NYSE:DELL – Get Rating) has earned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $58.38.
DELL has been the topic of a number of recent research reports. Bank of America reduced their target price on shares of Dell Technologies from $66.00 to $60.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Dell Technologies from $60.00 to $55.00 in a research report on Friday. Morgan Stanley reduced their target price on shares of Dell Technologies from $56.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Friday. Cowen reduced their target price on shares of Dell Technologies from $58.00 to $45.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, Barclays reduced their target price on shares of Dell Technologies from $54.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Friday.
Dell Technologies Stock Down 13.5 %
DELL opened at $41.43 on Friday. Dell Technologies has a 52-week low of $38.33 and a 52-week high of $61.54. The company has a 50 day moving average of $45.55 and a two-hundred day moving average of $48.43. The company has a market cap of $30.64 billion, a P/E ratio of 5.68, a P/E/G ratio of 0.65 and a beta of 0.83.
Dell Technologies (NYSE:DELL – Get Rating) last released its quarterly earnings data on Thursday, August 25th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.04. Dell Technologies had a net margin of 5.29% and a return on equity of 126.94%. The company had revenue of $26.43 billion during the quarter, compared to the consensus estimate of $26.47 billion. During the same period in the previous year, the firm earned $2.24 earnings per share. Dell Technologies’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts anticipate that Dell Technologies will post 6 earnings per share for the current year.
Dell Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Wednesday, July 20th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, July 19th. This represents a $1.32 annualized dividend and a yield of 3.19%. Dell Technologies’s payout ratio is 18.11%.
Insider Buying and Selling at Dell Technologies
In other Dell Technologies news, COO Anthony Charles Whitten sold 107,905 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $47.70, for a total transaction of $5,147,068.50. Following the completion of the sale, the chief operating officer now owns 774,352 shares in the company, valued at $36,936,590.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Anthony Charles Whitten sold 107,905 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $47.70, for a total transaction of $5,147,068.50. Following the completion of the transaction, the chief operating officer now owns 774,352 shares in the company, valued at $36,936,590.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 5,969 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $50.95, for a total transaction of $304,120.55. Following the transaction, the chief accounting officer now owns 18,985 shares of the company’s stock, valued at approximately $967,285.75. The disclosure for this sale can be found here. 47.30% of the stock is owned by insiders.
Hedge Funds Weigh In On Dell Technologies
Institutional investors have recently modified their holdings of the company. Legal & General Group Plc grew its position in Dell Technologies by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 2,127,980 shares of the technology company’s stock valued at $98,334,000 after buying an additional 10,914 shares in the last quarter. Macquarie Group Ltd. grew its position in Dell Technologies by 76.5% in the 2nd quarter. Macquarie Group Ltd. now owns 19,729 shares of the technology company’s stock valued at $912,000 after buying an additional 8,548 shares in the last quarter. National Pension Service grew its position in Dell Technologies by 2.2% in the 2nd quarter. National Pension Service now owns 590,121 shares of the technology company’s stock valued at $27,269,000 after buying an additional 12,857 shares in the last quarter. Atlas Capital Advisors LLC grew its position in Dell Technologies by 238.4% in the 2nd quarter. Atlas Capital Advisors LLC now owns 12,014 shares of the technology company’s stock valued at $555,000 after buying an additional 8,464 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in Dell Technologies in the 2nd quarter valued at about $1,800,000. Institutional investors own 30.05% of the company’s stock.
About Dell Technologies
(Get Rating)
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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