Dell Technologies Inc. (NYSE:DELL) Receives Consensus Recommendation of "Moderate Buy" from Analysts – MarketBeat
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Dell Technologies Inc. (NYSE:DELL – Get Rating) has earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $53.50.
Several equities analysts have recently issued reports on the company. Cowen reduced their price objective on Dell Technologies from $58.00 to $45.00 and set a “market perform” rating for the company in a research report on Friday, August 26th. UBS Group dropped their target price on Dell Technologies from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, August 26th. The Goldman Sachs Group dropped their target price on Dell Technologies from $52.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, August 26th. Evercore ISI dropped their price target on Dell Technologies from $63.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, August 26th. Finally, Raymond James dropped their price target on Dell Technologies from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Monday, October 31st.
Dell Technologies Stock Down 2.7 %
Shares of DELL stock opened at $39.33 on Thursday. The business has a 50 day moving average of $36.93 and a two-hundred day moving average of $42.75. Dell Technologies has a 52 week low of $32.90 and a 52 week high of $61.54. The company has a market cap of $28.83 billion, a P/E ratio of 5.68, a PEG ratio of 0.57 and a beta of 0.92.
Dell Technologies (NYSE:DELL – Get Rating) last issued its quarterly earnings data on Thursday, August 25th. The technology company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.05. The business had revenue of $26.43 billion during the quarter, compared to the consensus estimate of $26.47 billion. Dell Technologies had a return on equity of 305.10% and a net margin of 4.98%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.24 earnings per share. Analysts expect that Dell Technologies will post 5.69 EPS for the current fiscal year.
Dell Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Wednesday, October 19th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Tuesday, October 18th. Dell Technologies’s dividend payout ratio is currently 19.08%.
Insider Activity
In related news, insider William F. Scannell sold 27,536 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $40.20, for a total value of $1,106,947.20. Following the completion of the sale, the insider now directly owns 343,835 shares in the company, valued at $13,822,167. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider William F. Scannell sold 27,536 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $40.20, for a total value of $1,106,947.20. Following the completion of the sale, the insider now directly owns 343,835 shares in the company, valued at $13,822,167. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anthony Charles Whitten sold 107,905 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was 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 of the company’s stock, valued at $36,936,590.40. The disclosure for this sale can be found here. 47.30% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Exane Derivatives lifted its position in Dell Technologies by 104.9% during the 2nd quarter. Exane Derivatives now owns 1,424 shares of the technology company’s stock worth $66,000 after acquiring an additional 729 shares during the last quarter. Candriam S.C.A. raised its position in shares of Dell Technologies by 34.3% during the second quarter. Candriam S.C.A. now owns 129,906 shares of the technology company’s stock valued at $6,002,000 after buying an additional 33,189 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Dell Technologies by 74.1% during the first quarter. Nisa Investment Advisors LLC now owns 3,523 shares of the technology company’s stock valued at $177,000 after buying an additional 1,500 shares during the last quarter. Donoghue Forlines LLC raised its position in shares of Dell Technologies by 150.4% during the first quarter. Donoghue Forlines LLC now owns 32,653 shares of the technology company’s stock valued at $1,639,000 after buying an additional 19,613 shares during the last quarter. Finally, Barings LLC acquired a new position in shares of Dell Technologies during the first quarter valued at about $251,000. Institutional investors and hedge funds own 26.53% of the company’s stock.
Dell Technologies Company Profile
(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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