Dell Technologies (NYSE:DELL) Price Target Raised to $135.00

Dell Technologies (NYSE:DELL - Get Free Report) had its target price boosted by analysts at Citigroup from $128.00 to $135.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Citigroup's target price would suggest a potential upside of 21.39% from the company's previous close.

Several other equities research analysts have also issued reports on the company. The Goldman Sachs Group lowered their price objective 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. Wells Fargo & Company lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Finally, Mizuho raised their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Dell Technologies Stock Down 2.1%

Dell Technologies stock traded down $2.42 during midday trading on Friday, reaching $111.21. 19,189,102 shares of the stock traded hands, compared to its average volume of 10,032,752. The stock's fifty day moving average is $95.00 and its 200-day moving average is $107.27. Dell Technologies has a 12 month low of $66.25 and a 12 month high of $161.52. The stock has a market cap of $77.61 billion, a P/E ratio of 19.65, a PEG ratio of 1.10 and a beta of 0.99.

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.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies 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 completion of the transaction, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

Institutional investors have recently made changes to their positions in the business. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies in the 1st quarter worth $25,000. Vision Financial Markets LLC acquired a new stake in shares of Dell Technologies in the 4th quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of Dell Technologies in the 4th quarter worth $26,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies in the 1st quarter worth $26,000. 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).