Dell Technologies (NYSE:DELL) PT Lowered to $128.00 at TD Cowen

Dell Technologies (NYSE:DELL) had its price target reduced by TD Cowen from $155.00 to $128.00 in a research report released on Friday morning, Marketbeat reports. They currently have a hold rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Fox Advisors upgraded shares of Dell Technologies from an equal weight rating to an overweight rating in a research note on Friday. Evercore ISI restated an outperform rating and issued a $140.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 28th. Loop Capital boosted their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a buy rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an overweight rating in a research report on Thursday, August 15th. Finally, Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an outperform rating in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $136.80.

Dell Technologies Trading Up 4.3 %

NYSE DELL opened at $115.54 on Friday. The stock’s 50 day moving average is $119.77 and its two-hundred day moving average is $122.97. The company has a market capitalization of $81.95 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.43 and a beta of 0.92. Dell Technologies has a 1-year low of $53.62 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 182.71% and a net margin of 4.32%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. On average, analysts predict that Dell Technologies will post 6.86 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

Insider Activity

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

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Accordant Advisory Group Inc acquired a new position in Dell Technologies in the 2nd quarter worth $28,000. Massmutual Trust Co. FSB ADV boosted its stake 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 worth $25,000 after purchasing an additional 82 shares during the period. Nemes Rush Group LLC bought a new stake in Dell Technologies during the 2nd quarter worth about $33,000. Crewe Advisors LLC bought a new stake in Dell Technologies during the 2nd quarter worth about $34,000. Finally, New Covenant Trust Company N.A. bought a new stake in Dell Technologies during the 1st quarter worth about $30,000. 38.10% of the stock is 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).