Dell Technologies’ (DELL) “Outperform” Rating Reaffirmed at Evercore ISI

Evercore ISI restated their outperform rating on shares of Dell Technologies (NYSE:DELL) in a report released on Wednesday,Benzinga reports. They currently have a $150.00 price target on the technology company’s stock.

A number of other research analysts have also weighed in on the stock. Mizuho began coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 target price on the stock. Susquehanna assumed coverage on Dell Technologies in a report on Tuesday, September 10th. They issued a “neutral” rating and a $120.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday. Barclays increased their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Finally, Sanford C. Bernstein decreased their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $146.50.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $133.93 on Wednesday. Dell Technologies has a 1 year low of $67.51 and a 1 year high of $179.70. The firm has a market capitalization of $94.07 billion, a PE ratio of 24.62, a P/E/G ratio of 1.39 and a beta of 0.89. The business’s 50 day moving average price is $124.71 and its 200-day moving average price is $126.67.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 EPS. As a group, analysts expect that Dell Technologies will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Tuesday, October 22nd. Dell Technologies’s payout ratio is currently 32.72%.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total transaction of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 16,912,241 shares of the company’s stock, valued at approximately $2,070,058,298.40. The trade was a 37.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,954,112 shares of company stock worth $2,113,449,139. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

A number of institutional investors have recently bought and sold shares of the business. Clean Yield Group purchased a new stake in Dell Technologies during the third quarter worth approximately $25,000. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the 1st quarter valued at $30,000. True Wealth Design LLC grew its position in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in Dell Technologies during the 2nd quarter worth $33,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

About Dell Technologies

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).