Dell Technologies (NYSE:DELL) Coverage Initiated at Mizuho

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

Several other equities analysts also recently commented on DELL. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a hold rating on the stock in a report on Friday, August 30th. UBS Group lowered their price target on Dell Technologies from $164.00 to $158.00 and set a buy rating on the stock in a report on Friday, August 30th. Citigroup increased their price target on Dell Technologies from $155.00 to $160.00 and gave the company a buy rating in a report on Friday, August 30th. Susquehanna started coverage on Dell Technologies in a report on Tuesday, September 10th. They set a neutral rating and a $120.00 price target on the stock. Finally, Morgan Stanley lowered their price target on Dell Technologies from $142.00 to $136.00 and set an overweight rating on the stock in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $139.19.

Dell Technologies Stock Down 0.2 %

Shares of NYSE:DELL opened at $117.52 on Tuesday. The firm has a market capitalization of $83.36 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies has a 12-month low of $63.90 and a 12-month high of $179.70. The firm has a fifty day moving average of $111.30 and a two-hundred day moving average of $124.26.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion during 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%. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. Equities research analysts expect that Dell Technologies will post 6.9 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be given a $0.445 dividend. The ex-dividend date 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 currently 36.33%.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of Dell Technologies stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the transaction, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The disclosure for this sale can be found here. Insiders sold a total of 7,297,857 shares of company stock valued at $840,653,193 over the last ninety days. 46.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new position in shares of Dell Technologies during the fourth quarter valued at $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the period. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies during the second quarter valued at $28,000. New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies in the first quarter valued at about $30,000. Finally, Nemes Rush Group LLC bought a new position in shares of Dell Technologies in the second quarter valued at about $33,000. 38.10% of the stock is owned by institutional investors.

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).