Stocks of Dell Technologies Inc. (NYSE:DELL) traded higher last session on Wall Street, down -1.29% to $53.60.
According to the data, Dell Technologies Inc. (NYSE:DELL) has 22 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $61.00 and a low of $37.00, we find $56.00. Given the previous closing price of $54.30, this indicates a potential upside of 3.13 percent. DELL stock price is now 8.10% away from the 50-day moving average and 25.66% away from the 200-day moving average. The market capitalization of the company currently stands at $39.28B.
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A total of 8 analysts have issued a hold rating and 11 have given it a buy rating. Brokers who have rated the stock have averaged $53.83 as their price target over the next twelve months.
With the price target of $60, Citigroup recently initiated with Buy rating for Dell Technologies Inc. (NYSE: DELL).
In other news, Dew Allison, Chief Marketing Officer sold 329,038 shares of the company’s stock on Jul 13. The stock was sold for $18,176,744 at an average price of $55.24. Upon completion of the transaction, the Chief Marketing Officer now directly owns 98,354 shares in the company, valued at $5.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12, Director SLTA IV (GP), L.L.C. sold 17,891 shares of the business’s stock. A total of $972,363 was realized by selling the stock at an average price of $54.35. This leaves the insider owning 4,390 shares of the company worth $0.24 million. Insiders disposed of 1,138,980 shares of company stock worth roughly $61.05 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 EPOCH INVESTMENT PARTNERS, INC. during the first quarter worth $80,421,000. VIKING GLOBAL INVESTORS LP invested $58,660,000 in shares of DELL during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Dell Technologies Inc. valued at approximately $30,840,000. HRT FINANCIAL LP acquired a new stake in DELL for approximately $25,005,000. NATIXIS purchased a new stake in DELL valued at around $21,970,000 in the second quarter. In total, there are 930 active investors with 82.40% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $53.85 for Dell Technologies Inc. (NYSE: DELL). During the past 12 months, Dell Technologies Inc. has had a low of $32.90 and a high of $56.10. According to the stock market information, the enterprise value for the company is $60.67B, which is based on a 20.36 price-to-earnings ratio, a 123.38 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for DELL is $49.74 and a two-hundred day moving average price translates $42.75 for the stock.
The latest earnings results from Dell Technologies Inc. (NYSE: DELL) was released for May, 2023. According to the Computer Hardware Company, earnings per share came in at $1.31, beating analysts’ expectations of $0.86 by 0.45. This compares to $1.37 EPS in the same period last year. The net profit margin was 2.00% and return on equity was -62.60% for DELL. The company reported revenue of $20.92 billion for the quarter, compared to $26.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.89 percent. For the current quarter, analysts expect DELL to generate $20.87B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/04/2023. Investors who held shares on 07/25/2023 were paid a $0.37 dividend. On an annualized basis, this represents a $1.48 dividend and a 2.76% percent yield. There was an ex-dividend date of 07/24/2023 for this dividend. In terms of dividend payout ratio, DELL is presently at 50.50%.
