Dell Technologies (NYSE:DELL) Price Target Raised to $141.00

Dell Technologies (NYSE:DELL) had its price target boosted by UBS Group from $113.00 to $141.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the stock. TD Cowen upped their price target on shares of Dell Technologies from $75.00 to $105.00 and gave the stock a market perform rating in a research report on Friday, March 1st. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $90.00 to $100.00 and gave the stock an overweight rating in a research note on Thursday, February 22nd. Loop Capital began coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They set a buy rating and a $125.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Dell Technologies from $100.00 to $128.00 and gave the stock an overweight rating in a research note on Friday, March 1st. Finally, Evercore ISI boosted their price objective on shares of Dell Technologies from $95.00 to $125.00 and gave the stock an outperform rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $104.63.

Dell Technologies Stock Performance

Shares of DELL opened at $114.87 on Friday. The company has a 50 day moving average price of $108.95 and a 200-day moving average price of $86.48. Dell Technologies has a fifty-two week low of $41.47 and a fifty-two week high of $136.16. The stock has a market capitalization of $81.99 billion, a PE ratio of 26.29, a PEG ratio of 1.45 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced 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 net margin of 3.63% and a negative return on equity of 172.07%. The firm had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the company earned $1.55 EPS. The company’s revenue was down 10.9% compared to the same quarter last year. Equities research analysts forecast that Dell Technologies will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a $0.445 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s dividend payout ratio is 33.87%.

Insider Activity

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 value of $211,557,494.39. Following 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 related news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the sale, the director now directly owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 33,412,241 shares in the company, valued at $3,634,917,698.39. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock valued at $718,452,037 in the last ninety days. Insiders own 48.60% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its holdings 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 valued at $25,000 after purchasing an additional 82 shares in the last quarter. Greenleaf Trust lifted its holdings in Dell Technologies by 1.2% during the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after purchasing an additional 122 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Dell Technologies by 1.3% during the fourth quarter. Wellington Management Group LLP now owns 9,826 shares of the technology company’s stock valued at $752,000 after purchasing an additional 125 shares in the last quarter. ORG Partners LLC lifted its holdings in Dell Technologies by 19.0% during the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock valued at $67,000 after purchasing an additional 140 shares in the last quarter. Finally, Eaton Financial Holdings Company LLC lifted its holdings in Dell Technologies by 2.1% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock valued at $535,000 after purchasing an additional 147 shares in the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

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).