Dell Technologies (NYSE:DELL) PT Raised to $175.00

Dell Technologies (NYSE:DELL) had its price objective boosted by equities research analysts at Wells Fargo & Company from $170.00 to $175.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 29.96% from the stock’s current price.

A number of other research analysts also recently commented on DELL. Barclays increased their price objective on Dell Technologies from $94.00 to $98.00 and gave the company an “underweight” rating in a report on Tuesday, May 21st. Bank of America boosted their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen increased their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a report on Friday. Citigroup raised their price objective on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Sanford C. Bernstein upped their target price 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued 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 target price of $135.88.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded down $35.26 on Friday, reaching $134.66. The company had a trading volume of 39,780,285 shares, compared to its average volume of 8,145,289. The firm has a market cap of $96.12 billion, a PE ratio of 30.54, a PEG ratio of 2.71 and a beta of 0.87. Dell Technologies has a 52-week low of $44.45 and a 52-week high of $179.70. The firm’s 50 day moving average price is $130.66 and its two-hundred day moving average price is $100.40.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The firm had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The business’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 earnings per share. As a group, sell-side analysts predict that Dell Technologies will post 6.96 EPS for the current year.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the transaction, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the sale, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the transaction, the director now owns 535,816 shares of the company’s stock, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. In the last three months, insiders sold 6,382,204 shares of company stock worth $718,452,037. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently made changes to their positions in the business. Raymond James & Associates boosted its position in Dell Technologies by 27.2% during the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock worth $20,936,000 after acquiring an additional 58,590 shares during the period. Nordea Investment Management AB raised its stake in shares of Dell Technologies by 158.3% during the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after purchasing an additional 142,337 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Dell Technologies by 171.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 10,350 shares in the last quarter. Aigen Investment Management LP bought a new stake in Dell Technologies during the fourth quarter worth approximately $410,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Dell Technologies by 1,475.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock valued at $22,230,000 after purchasing an additional 272,144 shares during the last quarter. Institutional investors own 38.10% 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).