Dell Technologies (NYSE:DELL) Price Target Raised to $155.00

Dell Technologies (NYSE:DELL) had its price target raised by Sanford C. Bernstein from $120.00 to $155.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

DELL has been the subject of a number of other research reports. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $85.00 to $140.00 and gave the company an overweight rating in a research report on Friday, March 1st. The Goldman Sachs Group upped their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a buy rating in a research report on Monday, March 4th. Barclays upped their price target on shares of Dell Technologies from $53.00 to $94.00 and gave the stock an underweight rating in a research report on Friday, March 1st. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an overweight rating in a research report on Monday. Finally, Morgan Stanley upped their price target on shares of Dell Technologies from $128.00 to $152.00 and gave the stock an overweight rating in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of Moderate Buy and a consensus target price of $122.00.

Dell Technologies Price Performance

NYSE:DELL opened at $153.64 on Monday. The firm has a 50 day simple moving average of $124.87 and a 200-day simple moving average of $97.11. The firm has a market cap of $109.67 billion, a PE ratio of 35.16, a P/E/G ratio of 2.30 and a beta of 0.87. Dell Technologies has a 1-year low of $44.45 and a 1-year high of $162.71.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The business had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company’s revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 earnings per share. As a group, sell-side analysts expect that Dell Technologies will post 6.74 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.16%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, April 22nd. Dell Technologies’s dividend payout ratio is 40.73%.

Insider Buying and Selling at Dell Technologies

In other news, 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 value of $2,193,026.00. Following the transaction, the insider now directly owns 206,961 shares in the company, valued at approximately $24,856,016.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Jennifer D. Saavedra sold 18,260 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the sale, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock worth $718,452,037 in the last ninety days. 48.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently bought and sold shares of DELL. Jones Financial Companies Lllp bought a new position in shares of Dell Technologies during the 4th quarter valued at about $25,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Dell Technologies by 58.2% during the 1st 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. Anchor Investment Management LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Pinnacle Bancorp Inc. boosted its holdings in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares during the period. Finally, New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the first quarter worth about $30,000. Institutional investors and hedge funds own 38.10% 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).