Dell Technologies Inc. (NYSE:DELL) Given Consensus Rating of “Moderate Buy” by Brokerages

Dell Technologies Inc. (NYSE:DELL) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $141.24.

A number of analysts have weighed in on DELL shares. The Goldman Sachs Group cut their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Barclays increased their target price on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 500,696 shares of company stock valued at $59,924,044. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DELL. Vanguard Group Inc. lifted its position in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after acquiring an additional 2,662,407 shares in the last quarter. State Street Corp raised its position in Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Capital World Investors lifted its stake in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock valued at $1,436,000,000 after acquiring an additional 72,271 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after acquiring an additional 552,213 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Dell Technologies in the fourth quarter valued at about $455,029,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 4.5 %

DELL stock opened at $74.85 on Thursday. The firm has a 50-day moving average price of $100.99 and a 200-day moving average price of $114.99. Dell Technologies has a 12 month low of $66.25 and a 12 month high of $179.70. The stock has a market capitalization of $52.24 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Dell Technologies Company Profile

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).