Dell Technologies (NYSE:DELL - Get Free Report) had its target price boosted by investment analysts at Citigroup from $105.00 to $128.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the technology company's stock. Citigroup's target price indicates a potential upside of 13.46% from the company's current price.
A number of other research firms have also weighed in on DELL. Barclays raised their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Evercore ISI decreased their price target on shares of Dell Technologies from $145.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Loop Capital lowered their price objective on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, UBS Group dropped their target price on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $135.06.
Check Out Our Latest Research Report on Dell Technologies
Dell Technologies Trading Up 1.8%
NYSE:DELL traded up $1.94 during trading hours on Friday, hitting $112.81. 1,233,247 shares of the stock were exchanged, compared to its average volume of 10,356,800. The firm's fifty day moving average price is $91.37 and its 200 day moving average price is $108.73. Dell Technologies has a 52-week low of $66.25 and a 52-week high of $179.70. The company has a market cap of $78.72 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.10 and a beta of 0.99.
Insider Activity at Dell Technologies
In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 46.70% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DELL. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $25,000. Vision Financial Markets LLC bought a new position in shares of Dell Technologies in the 4th quarter worth about $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies in the fourth quarter valued at approximately $26,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies in the first quarter worth $26,000. 76.37% of the stock is owned by hedge funds and other institutional investors.
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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