Dell Technologies (NYSE:DELL - Free Report) had its price objective lowered by UBS Group from $150.00 to $145.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the technology company's stock.
DELL has been the topic of several other reports. Barclays raised their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised their price target on Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday. Raymond James lifted their price objective on Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group cut their price objective on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $138.00.
Read Our Latest Research Report on Dell Technologies
Dell Technologies Price Performance
Shares of NYSE:DELL traded down $2.42 on Friday, hitting $111.21. The company's stock had a trading volume of 19,189,102 shares, compared to its average volume of 9,803,194. The company has a 50-day simple moving average of $95.00 and a 200 day simple moving average of $107.08. Dell Technologies has a 1 year low of $66.25 and a 1 year high of $161.52. The company has a market capitalization of $77.61 billion, a PE ratio of 19.65, a PEG ratio of 1.10 and a beta of 0.99.
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 the consensus estimate of $1.68 by ($0.13). The firm had revenue of $23.38 billion for 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 earnings per share. On average, equities research analysts expect that Dell Technologies will post 6.93 earnings per share for the current fiscal year.
Insider Activity
In related news, 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 value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $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 is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was 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 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. Company insiders own 42.00% of the company's stock.
Hedge Funds Weigh In On Dell Technologies
Several institutional investors and hedge funds have recently modified their holdings of DELL. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the 4th quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies in the 1st quarter worth about $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies in the 4th quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the 4th quarter worth about $26,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies in the 1st quarter worth about $26,000. Hedge funds and other institutional investors own 76.37% of the company's stock.
About Dell Technologies
(
Get Free Report)
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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