Dell Technologies (NYSE:DELL) PT Raised to $106.00

Dell Technologies (NYSE:DELL) had its price target lifted by research analysts at Barclays from $97.00 to $106.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target would indicate a potential downside of 8.07% from the stock’s current price.

A number of other brokerages have also recently issued reports on DELL. JPMorgan Chase & Co. raised their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Loop Capital raised their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. TD Cowen reduced their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $133.50.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $4.56 during midday trading on Friday, reaching $115.30. 16,481,254 shares of the company’s stock were exchanged, compared to its average volume of 10,271,567. The company’s 50 day simple moving average is $121.56 and its two-hundred day simple moving average is $122.10. Dell Technologies has a 12 month low of $53.62 and a 12 month high of $179.70. The firm has a market capitalization of $81.78 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.04. The business had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. On average, research analysts anticipate that Dell Technologies will post 6.85 earnings per share for the current year.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the sale, the chief marketing officer now owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the sale, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,058,131 shares of company stock valued at $963,293,619. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently made changes to their positions in DELL. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies in the 2nd quarter valued at $28,000. 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 worth $25,000 after purchasing an additional 82 shares during the period. Nemes Rush Group LLC acquired a new stake in Dell Technologies in the 2nd quarter valued at $33,000. Crewe Advisors LLC purchased a new stake in shares of Dell Technologies during the second quarter worth about $34,000. Finally, New Covenant Trust Company N.A. acquired a new stake in shares of Dell Technologies in the first quarter worth approximately $30,000. 38.10% of the stock is owned by institutional investors and hedge funds.

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).