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

Evercore ISI restated their outperform rating on shares of Dell Technologies (NYSE:DELL) in a research report report published on Wednesday morning,Benzinga reports. Evercore ISI currently has a $150.00 price objective on the technology company’s stock.

Several other research firms have also recently issued reports on DELL. Susquehanna assumed coverage on shares of Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 price target on the stock. Bank of America upped their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. Finally, UBS Group dropped their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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 stock has a market cap of $94.07 billion, a P/E ratio of 24.62, a P/E/G ratio of 1.39 and a beta of 0.89. The firm has a fifty day moving average price of $124.71 and a 200 day moving average price of $126.67.

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

Dell Technologies Dividend Announcement

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

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael S. Dell sold 221,460 shares of Dell Technologies 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 transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,954,112 shares of company stock worth $2,113,449,139. 46.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently added to or reduced their stakes in the company. Seven Eight Capital LP bought a new position in shares of Dell Technologies during the first quarter worth about $513,000. UniSuper Management Pty Ltd grew its position in shares of Dell Technologies by 78.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,400 shares of the technology company’s stock valued at $388,000 after buying an additional 1,500 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Dell Technologies by 3,911.8% during the 1st quarter. Bessemer Group Inc. now owns 13,640 shares of the technology company’s stock worth $1,556,000 after purchasing an additional 13,300 shares during the period. EntryPoint Capital LLC boosted its holdings in shares of Dell Technologies by 748.7% during the first quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock valued at $38,000 after acquiring an additional 292 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in Dell Technologies during the 1st quarter valued at about $382,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

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).