Dell Technologies (NYSE:DELL) Price Target Cut to $150.00 by Analysts at Mizuho

Dell Technologies (NYSE:DELL) had its target price cut by Mizuho from $155.00 to $150.00 in a report released on Wednesday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Other analysts have also recently issued reports about the stock. Melius Research boosted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 price objective on the stock. Raymond James lowered their target price on Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, Susquehanna initiated coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.18.

Dell Technologies Stock Down 12.2 %

Shares of NYSE:DELL opened at $124.38 on Wednesday. The firm has a fifty day moving average of $127.08 and a two-hundred day moving average of $126.95. Dell Technologies has a 12-month low of $67.51 and a 12-month high of $179.70. The firm has a market capitalization of $87.36 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.62 EPS. Equities research analysts expect that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, October 22nd. Dell Technologies’s payout ratio is 32.72%.

Insider Activity at Dell Technologies

In other news, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares in the company, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 221,460 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,962,112 shares of company stock valued at $2,114,595,059 in the last ninety days. Insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of DELL. State Street Corp boosted its position in Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after purchasing an additional 2,641,456 shares during the period. International Assets Investment Management LLC boosted its position in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock worth $287,779,000 after purchasing an additional 2,415,234 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Dell Technologies by 83.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after purchasing an additional 1,011,512 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Dell Technologies by 5,047.4% in the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after buying an additional 1,002,117 shares during the period. 38.10% of the stock is owned by institutional investors.

Dell Technologies Company Profile

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).