Mizuho Forecasts Strong Price Appreciation for Dell Technologies (NYSE:DELL) Stock

Dell Technologies (NYSE:DELL) had its price objective increased by Mizuho from $140.00 to $145.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other research analysts have also issued reports on the company. Evercore ISI lowered their target price on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley lowered their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Loop Capital lowered their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Raymond James lifted their target price on Dell Technologies from $139.00 to $144.00 and gave the stock an “outperform” rating in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.65.

Dell Technologies Stock Down 2.0%

Shares of NYSE DELL opened at $112.00 on Monday. Dell Technologies has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The firm’s 50-day simple moving average is $92.97 and its 200 day simple moving average is $108.37. The stock has a market cap of $78.16 billion, a P/E ratio of 19.79, a P/E/G ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares of the company’s stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $28,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth approximately $25,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

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).