Evercore ISI Cuts Dell Technologies (NYSE:DELL) Price Target to $120.00

Dell Technologies (NYSE:DELL) had its target price reduced by Evercore ISI from $145.00 to $120.00 in a research note released on Monday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on DELL. Citigroup cut their price objective on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Barclays upped their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.65.

Dell Technologies Trading Down 2.1 %

Shares of NYSE DELL opened at $91.77 on Monday. The stock has a market cap of $64.04 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.10 and a beta of 0.94. The stock’s 50-day moving average is $91.71 and its 200 day moving average is $110.59. Dell Technologies has a 1-year low of $66.25 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Institutional investors have recently bought and sold shares of the company. Allen Capital Group LLC increased its position in shares of Dell Technologies by 3.3% during the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock valued at $338,000 after acquiring an additional 95 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Dell Technologies by 18.7% in the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock worth $70,000 after purchasing an additional 96 shares in the last quarter. Sunflower Bank N.A. raised its stake in shares of Dell Technologies by 3.1% in the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock worth $375,000 after purchasing an additional 98 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of Dell Technologies by 7.7% during the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock valued at $161,000 after purchasing an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock valued at $62,000 after buying an additional 100 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other 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).