Dell Technologies Inc. (NYSE:DELL) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nineteen research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $138.00.

Several equities analysts recently commented on DELL shares. Morgan Stanley upped their price target 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. Citigroup increased their target price on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Wells Fargo & Company cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Bank of America lowered their price objective 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, Mizuho boosted their price target on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th.

Insider Activity

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the transaction, the director now owns 938,741 shares in the company, valued at $105,918,147.03. The trade was a 35.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,379,092 shares of company stock worth $156,638,174. Corporate insiders own 42.00% of the company's stock.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in Dell Technologies by 4.0% in the fourth quarter. Rhumbline Advisers now owns 635,264 shares of the technology company's stock valued at $73,208,000 after buying an additional 24,205 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Dell Technologies by 44.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Dell Technologies by 10.6% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 116,295 shares of the technology company's stock valued at $13,402,000 after buying an additional 11,155 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Dell Technologies by 79.4% in the fourth quarter. Jones Financial Companies Lllp now owns 11,384 shares of the technology company's stock worth $1,312,000 after buying an additional 5,040 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after acquiring an additional 552,213 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Trading Up 3.7%

Shares of NYSE DELL opened at $113.63 on Tuesday. Dell Technologies has a 12-month low of $66.25 and a 12-month high of $161.52. The firm's 50-day moving average price is $101.01 and its 200-day moving average price is $105.15. The stock has a market capitalization of $79.30 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.10 and a beta of 1.01.

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

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).

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