Bank of America Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL - Get Free Report) had its price target lifted by equities research analysts at Bank of America from $155.00 to $165.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Bank of America's target price would indicate a potential upside of 31.90% from the company's previous close.

Several other equities analysts have also recently commented on DELL. Mizuho boosted their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Wall Street Zen lowered shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday. Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Citigroup increased their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Morgan Stanley increased their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.06.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $125.10 on Friday. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $147.66. The company has a market capitalization of $84.92 billion, a PE ratio of 19.96, a PEG ratio of 1.14 and a beta of 1.02. The company has a 50 day moving average price of $116.62 and a two-hundred day moving average price of $105.88.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. During the same period last year, the business earned $1.27 EPS. The business's revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Dell Technologies will post 6.93 earnings per share for the current year.

Insider Buying and Selling

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the transaction, the insider directly owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the transaction, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. The trade was a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,897,063 shares of company stock valued at $1,570,909,812 over the last quarter. Company insiders own 42.00% of the company's stock.

Institutional Trading of Dell Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bellwether Advisors LLC bought a new position in shares of Dell Technologies in the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies in the 4th quarter worth approximately $26,000. Central Pacific Bank Trust Division bought a new position in shares of Dell Technologies in the 2nd quarter worth approximately $29,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies in the 1st quarter worth approximately $25,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Dell Technologies in the 1st quarter worth approximately $26,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

About Dell Technologies

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).

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