Dell Technologies (NYSE:DELL – Get Rating) had its price objective trimmed by JPMorgan Chase & Co. from $60.00 to $55.00 in a research note released on Thursday, The Fly reports. The firm currently has an overweight rating on the technology company’s stock.
Other analysts have also recently issued reports about the company. Barclays upped their price objective on Dell Technologies from $53.00 to $54.00 and gave the stock an equal weight rating in a report on Tuesday, May 31st. Morgan Stanley decreased their price objective on Dell Technologies from $60.00 to $56.00 and set an equal weight rating on the stock in a report on Friday, May 27th. Citigroup decreased their price objective on Dell Technologies from $70.00 to $65.00 and set a buy rating on the stock in a report on Monday, May 23rd. KGI Securities initiated coverage on Dell Technologies in a report on Tuesday, April 19th. They set a neutral rating on the stock. Finally, The Goldman Sachs Group cut Dell Technologies from a buy rating to a neutral rating and decreased their price objective for the stock from $68.00 to $61.00 in a report on Friday, April 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $71.38.
Dell Technologies Trading Up 1.8 %
DELL stock opened at $43.46 on Thursday. Dell Technologies has a 1-year low of $38.33 and a 1-year high of $61.54. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.78 and a quick ratio of 0.66. The company has a market capitalization of $32.14 billion, a price-to-earnings ratio of 5.96, a PEG ratio of 0.60 and a beta of 0.89. The business has a 50 day simple moving average of $46.15 and a two-hundred day simple moving average of $50.93.
Dell Technologies (NYSE:DELL – Get Rating) last posted its quarterly earnings results on Thursday, May 26th. The technology company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.52. Dell Technologies had a return on equity of 126.94% and a net margin of 5.29%. The business had revenue of $26.12 billion during the quarter, compared to the consensus estimate of $25.23 billion. During the same period in the prior year, the company posted $2.13 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. Research analysts anticipate that Dell Technologies will post 6.01 EPS for the current fiscal year.
Dell Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Wednesday, July 20th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, July 19th. This represents a $1.32 dividend on an annualized basis and a yield of 3.04%. Dell Technologies’s payout ratio is 18.11%.
Insiders Place Their Bets
In other Dell Technologies news, CAO Brunilda Rios sold 5,969 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $50.95, for a total value of $304,120.55. Following the sale, the chief accounting officer now owns 18,985 shares in the company, valued at $967,285.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 47.30% of the company’s stock.
Institutional Trading of Dell Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. increased its stake in Dell Technologies by 65.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 11,836 shares of the technology company’s stock worth $664,000 after purchasing an additional 4,668 shares during the period. Congress Wealth Management LLC DE bought a new position in shares of Dell Technologies during the 4th quarter worth $262,000. Third Point LLC grew its position in shares of Dell Technologies by 7.1% during the 4th quarter. Third Point LLC now owns 3,600,000 shares of the technology company’s stock worth $202,212,000 after buying an additional 240,000 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Dell Technologies by 1,368.0% during the 4th quarter. Brown Advisory Inc. now owns 31,930 shares of the technology company’s stock worth $1,794,000 after buying an additional 29,755 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. grew its position in shares of Dell Technologies by 61.7% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 97,864 shares of the technology company’s stock worth $5,497,000 after buying an additional 37,344 shares in the last quarter. Hedge funds and other institutional investors own 30.05% of the company’s stock.
About Dell Technologies
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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