UBS Group Lowers Dell Technologies (NYSE:DELL) Price Target to $60.00

Dell Technologies (NYSE:DELLGet Rating) had its target price trimmed by UBS Group from $65.00 to $60.00 in a report issued on Tuesday morning, The Fly reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other analysts have also issued reports on DELL. Cowen decreased their price objective on Dell Technologies from $58.00 to $45.00 and set a market perform rating on the stock in a research note on Friday, August 26th. Morgan Stanley decreased their target price on Dell Technologies from $54.00 to $45.00 and set an equal weight rating on the stock in a research note on Monday, October 17th. The Goldman Sachs Group decreased their target price on Dell Technologies from $52.00 to $43.00 and set a neutral rating on the stock in a research note on Friday, August 26th. Credit Suisse Group restated a buy rating and issued a $60.00 target price on shares of Dell Technologies in a research note on Friday, August 26th. Finally, Bank of America decreased their target price on Dell Technologies from $66.00 to $60.00 and set a buy rating on the stock in a research note on Friday, August 26th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $50.38.

Dell Technologies Stock Performance

NYSE:DELL opened at $43.85 on Tuesday. Dell Technologies has a 52-week low of $32.90 and a 52-week high of $61.54. The firm has a market cap of $32.14 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.62 and a beta of 0.92. The business’s fifty day moving average is $37.60 and its 200 day moving average is $42.39.

Dell Technologies (NYSE:DELLGet Rating) last released its quarterly earnings data on Monday, November 21st. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.71. Dell Technologies had a return on equity of 305.10% and a net margin of 4.98%. The company had revenue of $24.72 million for the quarter, compared to analyst estimates of $24.61 billion. During the same period in the previous year, the company posted $2.37 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities analysts predict that Dell Technologies will post 5.69 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Wednesday, October 19th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 18th. This represents a $1.32 annualized dividend and a dividend yield of 3.01%. Dell Technologies’s dividend payout ratio (DPR) is presently 19.08%.

Insider Activity

In related news, insider William F. Scannell sold 27,536 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $40.20, for a total transaction of $1,106,947.20. Following the completion of the sale, the insider now directly owns 343,835 shares in the company, valued at approximately $13,822,167. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 47.30% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors have recently bought and sold shares of the stock. LeJeune Puetz Investment Counsel LLC boosted its holdings in Dell Technologies by 6.5% during the 2nd quarter. LeJeune Puetz Investment Counsel LLC now owns 4,100 shares of the technology company’s stock valued at $189,000 after acquiring an additional 250 shares during the period. Signaturefd LLC lifted its holdings in Dell Technologies by 9.1% in the 1st quarter. Signaturefd LLC now owns 3,268 shares of the technology company’s stock worth $164,000 after buying an additional 273 shares during the period. Yousif Capital Management LLC lifted its holdings in Dell Technologies by 5.2% in the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock worth $306,000 after buying an additional 302 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Dell Technologies by 0.3% in the 1st quarter. Treasurer of the State of North Carolina now owns 119,335 shares of the technology company’s stock worth $5,989,000 after buying an additional 305 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Dell Technologies by 0.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 45,506 shares of the technology company’s stock worth $2,284,000 after buying an additional 313 shares during the period. 26.53% of the stock is currently owned by hedge funds and other institutional investors.

About Dell Technologies

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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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