Analysts Set Dell Technologies Inc. (NYSE:DELL) Target Price at $162.80

Shares of Dell Technologies Inc. (NYSE:DELL) have received an average rating of “Moderate Buy” from the twenty-six research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $161.35.

DELL has been the topic of a number of research reports. UBS Group increased their target price on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Morgan Stanley reiterated an “underweight” rating and set a $110.00 price objective (down previously from $144.00) on shares of Dell Technologies in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Fox Advisors lowered Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Finally, Cowen reissued a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total value of $1,003,335.71. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 4,537,755 shares of company stock worth $642,644,973. 42.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DELL. William Allan Corp grew its position in Dell Technologies by 47.6% during the second quarter. William Allan Corp now owns 25,901 shares of the technology company’s stock valued at $3,175,000 after purchasing an additional 8,355 shares in the last quarter. Modera Wealth Management LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter valued at $241,000. First Hawaiian Bank increased its stake in shares of Dell Technologies by 67.1% in the first quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock worth $3,179,000 after acquiring an additional 14,010 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in shares of Dell Technologies by 11,037.8% during the second quarter. WASHINGTON TRUST Co now owns 88,100 shares of the technology company’s stock worth $10,801,000 after acquiring an additional 87,309 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new stake in Dell Technologies during the second quarter valued at $8,869,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $122.80 on Friday. The firm has a fifty day moving average of $143.89 and a two-hundred day moving average of $129.36. The firm has a market cap of $82.57 billion, a P/E ratio of 18.06, a P/E/G ratio of 0.84 and a beta of 1.02. Dell Technologies has a 1-year low of $66.25 and a 1-year high of $168.08.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The business had revenue of $26.43 billion during the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, sell-side analysts expect that Dell Technologies will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. Dell Technologies’s payout ratio is 30.88%.

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).