Dell Technologies (NYSE:DELL) Price Target Lowered to $140.00 at Sanford C. Bernstein

Dell Technologies (NYSE:DELL) had its price target dropped by investment analysts at Sanford C. Bernstein from $155.00 to $140.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Sanford C. Bernstein’s target price would suggest a potential upside of 21.51% from the company’s previous close.

DELL has been the subject of a number of other research reports. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday. Barclays lifted their price target on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday. Raymond James decreased their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday. Morgan Stanley reduced their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Evercore ISI reiterated an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $132.56.

Dell Technologies Price Performance

DELL stock traded up $4.48 on Friday, reaching $115.22. The company’s stock had a trading volume of 24,965,935 shares, compared to its average volume of 10,319,496. Dell Technologies has a 52 week low of $53.62 and a 52 week high of $179.70. The firm has a fifty day moving average of $121.56 and a two-hundred day moving average of $122.10. The company has a market capitalization of $81.73 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. As a group, equities analysts expect that Dell Technologies will post 6.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the completion of the transaction, the director now owns 787,669 shares in the company, valued at $105,878,466.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 25,381 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total value of $3,411,714.02. Following the sale, the director now directly owns 787,669 shares of the company’s stock, valued at approximately $105,878,466.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 2,837,829 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $133.75, for a total value of $379,559,628.75. Following the sale, the chief executive officer now owns 20,412,241 shares in the company, valued at $2,730,137,233.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,058,131 shares of company stock worth $963,293,619. Company insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in shares of Dell Technologies during the 4th quarter worth about $25,000. Massmutual Trust Co. FSB ADV raised its holdings in Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares in the last quarter. Accordant Advisory Group Inc acquired a new position in Dell Technologies in the 2nd quarter valued at approximately $28,000. New Covenant Trust Company N.A. acquired a new position in shares of Dell Technologies in the 1st quarter worth approximately $30,000. Finally, Nemes Rush Group LLC acquired a new position in shares of Dell Technologies in the 2nd quarter worth approximately $33,000. Institutional investors own 38.10% 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).