Dell Technologies (NYSE:DELL - Free Report) had its price target upped by TD Cowen from $120.00 to $125.00 in a research note published on Friday, Marketbeat Ratings reports. They currently have a hold rating on the technology company's stock.
A number of other equities analysts have also weighed in on the company. Raymond James upped their target price on Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Barclays upped their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Bank of America cut their price objective on Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Finally, Loop Capital cut their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $138.00.
View Our Latest Stock Report on Dell Technologies
Dell Technologies Stock Down 2.1%
Shares of NYSE:DELL traded down $2.42 during midday trading on Friday, reaching $111.21. 19,189,102 shares of the company traded hands, compared to its average volume of 10,032,752. The firm has a market capitalization of $77.61 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The firm's fifty day moving average price is $95.00 and its two-hundred day moving average price is $107.27. Dell Technologies has a 12 month low of $66.25 and a 12 month high of $161.52.
Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 earnings per share. Analysts forecast that Dell Technologies will post 6.93 earnings per share for the current year.
Insider Activity at Dell Technologies
In related news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. 46.70% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Dell Technologies
Several institutional investors and hedge funds have recently bought and sold shares of DELL. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in Dell Technologies in the 4th quarter worth approximately $26,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 76.37% of the company's stock.
Dell Technologies Company Profile
(
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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