Dell Technologies (NYSE:DELL) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies (NYSE:DELL) in a report released on Friday, StockNewsAPI reports. The firm issued a buy rating and a $144.00 price target on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Bank of America increased their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a buy rating in a research note on Friday, August 30th. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $150.00 to $140.00 and set an overweight rating for the company in a research note on Friday, August 30th. TD Cowen dropped their price target on shares of Dell Technologies from $155.00 to $128.00 and set a hold rating for the company in a research note on Friday, August 30th. Sanford C. Bernstein dropped their price target on shares of Dell Technologies from $155.00 to $140.00 and set an outperform rating for the company in a research note on Friday, August 30th. Finally, Morgan Stanley dropped their price target on shares of Dell Technologies from $142.00 to $136.00 and set an overweight rating for the company in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $143.50.

Dell Technologies Trading Down 5.0 %

DELL stock opened at $120.22 on Friday. The company has a market cap of $85.27 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 1.25 and a beta of 0.90. Dell Technologies has a 12 month low of $63.90 and a 12 month high of $179.70. The firm has a 50-day moving average of $110.38 and a two-hundred day moving average of $124.53.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. As a group, equities analysts forecast that Dell Technologies will post 6.9 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.78 annualized dividend and a yield of 1.48%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the transaction, the director now owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the sale, the director now directly owns 731,612 shares in the company, valued at approximately $107,400,641.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the sale, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The disclosure for this sale can be found here. Insiders sold 9,007,047 shares of company stock valued at $1,041,595,745 in the last 90 days. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC raised its stake in Dell Technologies by 1.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after acquiring an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares in the last quarter. J.P. Marvel Investment Advisors LLC raised its stake in Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after acquiring an additional 98 shares in the last quarter. Kathmere Capital Management LLC raised its stake in Dell Technologies by 2.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock worth $635,000 after acquiring an additional 100 shares in the last quarter. Finally, Front Row Advisors LLC raised its stake in Dell Technologies by 35.8% during the 2nd quarter. Front Row Advisors LLC now owns 391 shares of the technology company’s stock worth $54,000 after acquiring an additional 103 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).