Several equities analysts have recently issued their opinion on Dell Technologies, which has received a “Moderate Buy” rating from MarketBeat, with a consensus target price of $47.50. The company’s Infrastructure Solutions Group (ISG) segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware. Dell Technologies’ COO sold 15,983 shares of the stock in a transaction dated March 16th. Corporate insiders own 47.30% of Dell Technologies’ stock.
Accurate Wealth Management LLC Invests $26,000 in Dell Technologies Inc. (NYSE:DELL)
According to its latest 13F filing, Accurate Wealth Management LLC has invested $26,000 in Dell Technologies Inc. (NYSE:DELL – Get Rating) during the 4th quarter. Other large investors have also made significant changes to their positions in the business. Yousif Capital Management LLC purchased a new stake in shares of Dell Technologies worth $238,000 during the same period.
Dell Technologies Increases Dividend
Dell Technologies Inc. has announced a quarterly dividend which will be paid on Friday, May 5th. Investors of record on Tuesday, April 25th will receive a dividend of $0.37 per share. This represents an increase from Dell Technologies’ previous quarterly dividend of $0.33. The dividend payout ratio (DPR) for the company is currently 40.99%. The ex-dividend date is Monday, April 24th.
Analyst Ratings Changes
The current stock price for Dell Technologies Inc. (NYSE:DELL) opened at $37.38 on Friday, with a market capitalization of $26.77 billion. The company has a P/E ratio of 11.61, a PEG ratio of 0.77, and a beta of 1.03. Its 52-week low is $32.90 and 52-week high is $55.30. The stock has a 50-day simple moving average of $40.28 and a 200-day simple moving average of $39.60.
Institutional investors own 26.42% of the company’s stock. Thompson Siegel & Walmsley LLC grew its holdings in shares of Dell Technologies by 1.1% during the third quarter. Bank of New York Mellon Corp grew its holdings in shares of Dell Technologies by 25.3% during the same period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Dell Technologies by 0.6% during the third quarter. Toroso Investments LLC purchased a new stake in shares of Dell Technologies worth $207,000 during the same period.
Dell Technologies Receives a “Moderate Buy” Rating from Analysts
Several equities analysts have recently issued their opinion on Dell Technologies (NYSE:DELL). Citigroup cut their price target on Dell Technologies from $53.00 to $50.00. KGI Securities raised Dell Technologies from a “neutral” rating to an “outperform” rating. Credit Suisse Group reaffirmed an “outperform” rating with a $50.00 price target. Deutsche Bank Aktiengesellschaft also cut their price target on Dell Technologies from $48.00 to $45.00 and set a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on Dell Technologies with a “buy” rating and a $43.00 target price on the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.50.
Insider Buying and Selling
Anthony Charles Whitten, the Chief Operating Officer of Dell Technologies, sold 15,983 shares of the stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $36.49, for a total transaction of $583,219.67. Following the completion of the transaction, the chief operating officer now directly owns 841,207 shares in the company, valued at $30,695,643.43. This information is disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 47.30% of Dell Technologies’ stock.
About Dell Technologies
Dell Technologies, Inc. is a holding company that provides information technology hardware, software, and service solutions through its subsidiaries. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.
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