Dell Technologies (NYSE:DELL) Upgraded by Wall Street Zen to "Buy" Rating

Wall Street Zen upgraded shares of Dell Technologies (NYSE:DELL - Free Report) from a hold rating to a buy rating in a research note released on Saturday morning.

Other analysts also recently issued research reports about the company. TD Cowen lifted their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Bank of America cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $111.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Citigroup boosted their target price on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, The Goldman Sachs Group dropped their target price on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Stock Up 1.9%

DELL stock traded up $2.17 during mid-day trading on Friday, reaching $115.91. The company had a trading volume of 5,963,079 shares, compared to its average volume of 9,223,539. The stock has a market capitalization of $80.89 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.05 and a beta of 1.01. Dell Technologies has a one year low of $66.25 and a one year high of $161.52. The stock's 50-day simple moving average is $101.65 and its two-hundred day simple moving average is $105.22.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The firm 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 4.63% and a negative return on equity of 226.48%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 earnings per share. On average, research analysts forecast that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Activity

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the sale, the chief financial officer now owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred 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 owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,379,092 shares of company stock valued at $156,638,174 over the last ninety days. 42.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares in the last quarter. Capital World Investors raised its stake in Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after acquiring an additional 72,271 shares during the period. Geode Capital Management LLC raised its stake in Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after acquiring an additional 552,213 shares during the period. Boston Partners raised its stake in Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after acquiring an additional 1,312,600 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after purchasing an additional 1,142,012 shares during the period. Institutional investors 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).