Dell Technologies (NYSE:DELL) Given New $106.00 Price Target at Barclays

Dell Technologies (NYSE:DELL) had its price target upped by Barclays from $97.00 to $106.00 in a report issued on Friday, Benzinga reports. Barclays currently has an equal weight rating on the technology company’s stock.

A number of other equities analysts have also issued reports on DELL. Sanford C. Bernstein raised their price target on Dell Technologies from $120.00 to $155.00 and gave the stock an outperform rating in a report on Monday, May 20th. Bank of America raised their price target on Dell Technologies from $150.00 to $155.00 and gave the stock a buy rating in a report on Friday. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a hold rating on the stock in a report on Friday. JPMorgan Chase & Co. raised their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an overweight rating in a report on Thursday, August 15th. Finally, Evercore ISI reaffirmed an outperform rating and issued a $140.00 price objective on shares of Dell Technologies in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $136.80.

Dell Technologies Stock Performance

DELL opened at $115.54 on Friday. The business’s 50-day simple moving average is $119.77 and its 200-day simple moving average is $122.97. Dell Technologies has a one year low of $53.62 and a one year high of $179.70. The stock has a market capitalization of $81.95 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a negative return on equity of 182.71% and a net margin of 4.32%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Dell Technologies will post 6.86 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insider Transactions at Dell Technologies

In related news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the transaction, the director now directly owns 114,317 shares in the company, valued at approximately $15,462,517.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael S. Dell sold 139,419 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the completion of the transaction, the chief executive officer now directly owns 30,272,822 shares in the company, valued at approximately $4,122,552,899.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David W. Dorman sold 75,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The disclosure for this sale can be found here. Insiders have sold 7,041,697 shares of company stock valued at $961,072,399 in the last quarter. 46.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new position in Dell Technologies in the 4th quarter valued at $25,000. Massmutual Trust Co. FSB ADV raised its holdings in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in Dell Technologies in the 2nd quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies during the 1st quarter worth $30,000. Finally, Nemes Rush Group LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth $33,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).