Dell Technologies (NYSE:DELL) Coverage Initiated at Mizuho

Mizuho began coverage on shares of Dell Technologies (NYSE:DELL) in a research report report published on Tuesday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $135.00 price target on the technology company’s stock.

DELL has been the topic of several other research reports. Evercore ISI reaffirmed an outperform rating and set a $140.00 price target on shares of Dell Technologies in a research report on Wednesday, August 28th. Loop Capital increased their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a buy rating in a research report on Tuesday, May 28th. Barclays increased their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the stock an equal weight rating in a research report on Friday, August 30th. Raymond James cut their target price on shares of Dell Technologies from $166.00 to $160.00 and set an outperform rating on the stock in a report on Friday, August 30th. Finally, Citigroup raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a buy rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Dell Technologies presently has an average rating of Moderate Buy and a consensus target price of $139.19.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $117.52 on Tuesday. The business has a 50-day moving average of $111.30 and a 200-day moving average of $124.26. The company has a market capitalization of $83.36 billion, a PE ratio of 23.98, a P/E/G ratio of 1.15 and a beta of 0.90. Dell Technologies has a 1-year low of $63.90 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate 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 negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $1.44 earnings per share. On average, equities analysts expect that Dell Technologies will post 6.9 earnings per share for the current fiscal 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 1.51%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 1,546,550 shares of Dell Technologies stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total value of $179,863,765.00. Following the transaction, the chief executive officer now owns 11,912,241 shares in the company, valued at $1,385,393,628.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Dell Technologies news, CEO Michael S. Dell sold 1,546,550 shares of Dell Technologies stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $116.30, for a total value of $179,863,765.00. Following the transaction, the chief executive officer now owns 11,912,241 shares in the company, valued at $1,385,393,628.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,297,857 shares of company stock worth $840,653,193. 46.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DELL. Principal Securities Inc. acquired a new position in Dell Technologies in the 4th quarter worth approximately $52,000. Dimensional Fund Advisors LP boosted its stake in shares of Dell Technologies by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 889,485 shares of the technology company’s stock valued at $68,048,000 after buying an additional 3,343 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Dell Technologies by 6.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,456 shares of the technology company’s stock valued at $647,000 after buying an additional 506 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Dell Technologies by 16.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,993 shares of the technology company’s stock valued at $382,000 after buying an additional 688 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Dell Technologies by 118.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 49,893 shares of the technology company’s stock valued at $3,817,000 after buying an additional 27,026 shares during the period. 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).