Dell Technologies Inc. (NYSE:DELL – Get Rating) has earned an average rating of “Moderate Buy” from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $47.50.
A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Dell Technologies from $58.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, November 22nd. UBS Group dropped their price target on Dell Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, November 22nd. Credit Suisse Group reaffirmed an “outperform” rating and set a $50.00 price target on shares of Dell Technologies in a report on Monday, March 6th. Raymond James dropped their price target on Dell Technologies from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, March 3rd. Finally, Barclays decreased their price objective on Dell Technologies from $41.00 to $40.00 in a research report on Friday, March 3rd.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in shares of Dell Technologies by 1.3% in the 4th quarter. Victory Capital Management Inc. now owns 225,782 shares of the technology company’s stock worth $9,081,000 after purchasing an additional 2,858 shares during the last quarter. Great Lakes Retirement Inc. acquired a new stake in shares of Dell Technologies in the 4th quarter valued at about $370,000. Lakewood Asset Management LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at about $179,000. Voya Investment Management LLC raised its stake in shares of Dell Technologies by 133.9% in the 4th quarter. Voya Investment Management LLC now owns 204,383 shares of the technology company’s stock valued at $8,220,000 after purchasing an additional 116,995 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Dell Technologies by 36.4% in the 4th quarter. Macquarie Group Ltd. now owns 82,591 shares of the technology company’s stock valued at $3,322,000 after purchasing an additional 22,043 shares during the period. 26.42% of the stock is currently owned by institutional investors.
Dell Technologies Trading Up 2.7 %
Dell Technologies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Tuesday, April 25th will be given a $0.37 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Monday, April 24th. Dell Technologies’s dividend payout ratio (DPR) is currently 40.99%.
About Dell Technologies
Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.
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