Dell Technologies (NYSE:DELL) Given New $141.00 Price Target at UBS Group

Dell Technologies (NYSE:DELL) had its target price raised by UBS Group from $113.00 to $141.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. upped their target price on Dell Technologies from $90.00 to $100.00 and gave the company an overweight rating in a research note on Thursday, February 22nd. Morgan Stanley boosted their price target on Dell Technologies from $100.00 to $128.00 and gave the company an overweight rating in a research report on Friday, March 1st. Barclays boosted their price target on Dell Technologies from $53.00 to $94.00 and gave the company an underweight rating in a research report on Friday, March 1st. Wells Fargo & Company upped their target price on Dell Technologies from $85.00 to $140.00 and gave the stock an overweight rating in a research report on Friday, March 1st. Finally, Evercore ISI upped their target price on Dell Technologies from $95.00 to $125.00 and gave the stock an outperform rating in a research report on Friday, March 1st. 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 MarketBeat, Dell Technologies currently has a consensus rating of Moderate Buy and an average target price of $104.63.

Dell Technologies Stock Down 3.0 %

NYSE DELL opened at $114.85 on Friday. Dell Technologies has a fifty-two week low of $41.47 and a fifty-two week high of $136.16. The stock has a market cap of $81.98 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92. The business has a fifty day moving average of $108.95 and a 200-day moving average of $86.22.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, analysts anticipate that Dell Technologies will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a $0.445 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.55%. Dell Technologies’s dividend payout ratio (DPR) is 33.87%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the sale, the director now owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Jennifer D. Saavedra sold 18,260 shares of Dell Technologies stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $120.10, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. Insiders own 48.60% of the company’s stock.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Massmutual Trust Co. FSB ADV boosted its position in Dell Technologies by 58.2% during the first 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 during the last quarter. Greenleaf Trust boosted its position in Dell Technologies by 1.2% during the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after purchasing an additional 122 shares during the last quarter. Wellington Management Group LLP boosted its position in Dell Technologies by 1.3% during the fourth quarter. Wellington Management Group LLP now owns 9,826 shares of the technology company’s stock valued at $752,000 after purchasing an additional 125 shares during the last quarter. ORG Partners LLC lifted its position in shares of Dell Technologies by 19.0% in the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after buying an additional 140 shares during the last quarter. Finally, Eaton Financial Holdings Company LLC lifted its position in shares of Dell Technologies by 2.1% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 6,997 shares of the technology company’s stock worth $535,000 after buying an additional 147 shares during the last quarter. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).