Brokerages Set Dell Technologies Inc. (NYSE:DELL) PT at $102.88

Shares of Dell Technologies Inc. (NYSE:DELL) have earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $104.63.

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Morgan Stanley increased their price objective on Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, March 1st. TD Cowen increased their price objective on Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a report on Monday, March 4th. Finally, JPMorgan Chase & Co. raised their price target on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the completion of the sale, the chief executive officer now directly owns 33,412,241 shares of the company’s stock, valued at approximately $3,634,917,698.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Michael S. Dell sold 1,944,641 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the transaction, the chief executive officer now directly owns 33,412,241 shares of the company’s stock, valued at approximately $3,634,917,698.39. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the sale, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,382,204 shares of company stock valued at $718,452,037. 48.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its position in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Greenleaf Trust increased its position in shares of Dell Technologies by 1.2% in the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after buying an additional 122 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Dell Technologies by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 9,826 shares of the technology company’s stock valued at $752,000 after buying an additional 125 shares in the last quarter. ORG Partners LLC increased its position in shares of Dell Technologies by 19.0% in the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock valued at $67,000 after buying an additional 140 shares in the last quarter. Finally, Eaton Financial Holdings Company LLC increased its position in shares of Dell Technologies by 2.1% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock valued at $535,000 after buying an additional 147 shares in the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $114.87 on Thursday. The stock’s 50-day moving average is $108.95 and its two-hundred day moving average is $86.35. Dell Technologies has a 1-year low of $41.47 and a 1-year high of $136.16. The company has a market cap of $81.99 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the prior year, the business earned $1.55 EPS. Dell Technologies’s revenue was down 10.9% on a year-over-year basis. Equities research analysts anticipate that Dell Technologies will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.55%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.87%.

About Dell Technologies

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).