Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Barclays Analyst Says

Dell Technologies (NYSE:DELL - Free Report) had its price objective upped by Barclays from $116.00 to $123.00 in a report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the technology company's stock.

A number of other analysts also recently commented on DELL. TD Cowen upped their price objective on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday. The Goldman Sachs Group dropped their price target on Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Mizuho lifted their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, Raymond James boosted their price objective on shares of Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.

Dell Technologies Price Performance

NYSE:DELL traded down $3.29 on Friday, reaching $107.98. The stock had a trading volume of 8,086,877 shares, compared to its average volume of 9,799,562. Dell Technologies has a 12-month low of $66.25 and a 12-month high of $161.52. The company has a market cap of $75.35 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 1.10 and a beta of 0.99. The firm's fifty day moving average is $95.00 and its two-hundred day moving average is $106.89.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. As a group, research analysts forecast that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of DELL. Norges Bank acquired a new stake in Dell Technologies during the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. increased its stake in Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. Michael & Susan Dell Foundation acquired a new stake in shares of Dell Technologies during the fourth quarter worth $265,052,000. Janus Henderson Group PLC grew its position in shares of Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after buying an additional 1,865,013 shares during the last quarter. Finally, Boston Partners raised its stake in Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after acquiring an additional 1,312,600 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

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).