In yesterday’s Wall Street session, Dell Technologies Inc. (NYSE:DELL) shares traded at $44.61, up 1.73% from the previous session.
As of this writing, 20 analysts cover Dell Technologies Inc. (NYSE:DELL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $72.00 and a low of $38.00, we find $50.00. Given the previous closing price of $43.85, this indicates a potential upside of 14.03 percent. DELL stock price is now 18.65% away from the 50-day moving average and -1.33% away from the 200-day moving average. The market capitalization of the company currently stands at $32.48B.
There are 6 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $49.79 as their price target over the next twelve months.
With the price target of $39, Jefferies recently initiated with Hold rating for Dell Technologies Inc. (NYSE: DELL). On August 17, 2022, Credit Suisse recently initiated its ‘Outperform’ rating on the stock quoting a target price of $60, while ‘Goldman’ rates the stock as ‘Neutral’.
In other news, Scannell William F, Pres., Glob. Sales & Cust. Ops sold 27,536 shares of the company’s stock on Sep 12. The stock was sold for $1,106,947 at an average price of $40.20. Upon completion of the transaction, the Pres., Glob. Sales & Cust. Ops now directly owns 343,835 shares in the company, valued at $15.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, Co-Chief Operating Officer Whitten Anthony Charles sold 107,905 shares of the business’s stock. A total of $5,146,714 was realized by selling the stock at an average price of $47.70. This leaves the insider owning 774,352 shares of the company worth $34.54 million. Insiders disposed of 1,209,881 shares of company stock worth roughly $53.97 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DELL stock. A new stake in Dell Technologies Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $181,871,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $16,519,000 in shares of DELL during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Dell Technologies Inc. valued at approximately $6,841,000. DUALITY ADVISERS, LP acquired a new stake in DELL for approximately $5,725,000. STAMOS CAPITAL PARTNERS, L.P. purchased a new stake in DELL valued at around $4,236,000 in the second quarter. In total, there are 981 active investors with 77.10% ownership of the company’s stock.
Wednesday morning saw Dell Technologies Inc. (NYSE: DELL) opened at $43.85. During the past 12 months, Dell Technologies Inc. has had a low of $32.90 and a high of $61.54. The fifty day moving average price for DELL is $37.73 and a two-hundred day moving average price translates $45.13 for the stock.
The latest earnings results from Dell Technologies Inc. (NYSE: DELL) was released for Jul, 2022. According to the Computer Hardware Company, earnings per share came in at $1.68, beating analysts’ expectations of $1.64 by 0.04. This compares to $0.25 EPS in the same period last year. The company reported revenue of $26.43 billion for the quarter, compared to $24.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.23 percent. For the current quarter, analysts expect DELL to generate $24.55B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/28/2022. Investors who held shares on 10/19/2022 were paid a $0.33 dividend. On an annualized basis, this represents a $1.32 dividend and a 2.96% percent yield. There was an ex-dividend date of 10/18/2022 for this dividend.
Dell Technologies Inc.(DELL) 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). The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers. This segment also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; attached software and peripherals; and support and deployment, configuration, and extended warranty services. The CSG segment provides desktops, workstations, and notebooks; displays, docking stations, and other electronics; and third-party software and peripherals, as well as support and deployment, configuration, and extended warranty services. The company is also involved in the provision of information security solutions focused on protecting its clients from cyber attacks; and cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments, as well as in the resale of VMware products and services. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.