Dell Technologies (NYSE:DELL) Rating Lowered to "Hold" at Wall Street Zen

Dell Technologies (NYSE:DELL - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Monday.

DELL has been the topic of a number of other research reports. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Raymond James Financial increased their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Barclays raised their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Citigroup upped their target price on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $126.90 on Monday. The firm has a market cap of $86.15 billion, a PE ratio of 20.24, a P/E/G ratio of 1.17 and a beta of 1.02. Dell Technologies has a 1 year low of $66.25 and a 1 year high of $147.66. The stock has a fifty day moving average price of $114.25 and a 200-day moving average price of $105.50.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. During the same quarter in the previous year, the business earned $1.27 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In other news, insider William F. Scannell sold 91,230 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. This represents a 61.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the sale, the director owned 960,050 shares in the company, valued at $121,158,310. This represents a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,113,977 shares of company stock worth $1,471,321,229. 42.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently bought and sold shares of DELL. Bellwether Advisors LLC bought a new position in Dell Technologies in the 4th quarter worth about $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies in the first quarter worth about $25,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $26,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dell Technologies during the first quarter valued at approximately $26,000. Finally, Cheviot Value Management LLC bought a new stake in shares of Dell Technologies during the first quarter valued at approximately $27,000. Institutional investors own 76.37% of the company's stock.

About Dell Technologies

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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