Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Mizuho Analyst Says

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective hoisted by equities researchers at Mizuho from $140.00 to $145.00 in a report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the technology company's stock. Mizuho's price target would suggest a potential upside of 26.51% from the stock's previous close.

A number of other analysts have also weighed in on DELL. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. TD Cowen reduced their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a research report on Friday, February 28th. Barclays increased their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, Morgan Stanley dropped their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $134.76.

Dell Technologies Price Performance

Shares of NYSE DELL traded up $0.39 during mid-day trading on Monday, hitting $114.62. 663,319 shares of the company's stock traded hands, compared to its average volume of 10,293,749. The company's 50-day moving average is $92.65 and its two-hundred day moving average is $108.35. The company has a market capitalization of $79.98 billion, a P/E ratio of 20.35, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies has a 1 year low of $66.25 and a 1 year high of $179.70.

Insider Buying and Selling

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business's 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 transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were 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 trade represents a 2.38% 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 large investors have recently added to or reduced their stakes in DELL. Norges Bank purchased a new stake in Dell Technologies during the 4th quarter worth approximately $455,029,000. Vanguard Group Inc. increased its stake in Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after buying an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation purchased a new stake in Dell Technologies during the 4th quarter worth approximately $265,052,000. Janus Henderson Group PLC increased its stake in Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after buying an additional 1,865,013 shares during the period. Finally, Swedbank AB increased its stake in Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company's stock worth $219,084,000 after buying an additional 1,690,709 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).