Dell Technologies (NYSE:DELL) Given Outperform Rating at Evercore ISI

Dell Technologies (NYSE:DELL)‘s stock had its “outperform” rating reiterated by Evercore ISI in a research note issued on Monday, Benzinga reports. They presently have a $165.00 price target on the technology company’s stock. Evercore ISI’s price objective suggests a potential upside of 15.99% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. TD Cowen increased their price target on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. Barclays dropped their price target on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 31st. Morgan Stanley reiterated an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a research note on Monday, June 17th. Bank of America lifted their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Citigroup raised their target price on shares of Dell Technologies from $125.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Dell Technologies Trading Up 3.1 %

DELL stock traded up $4.34 during trading on Monday, reaching $142.25. The stock had a trading volume of 7,506,838 shares, compared to its average volume of 10,027,827. The firm has a fifty day moving average price of $138.43 and a 200 day moving average price of $110.55. The company has a market capitalization of $100.90 billion, a P/E ratio of 29.03, a PEG ratio of 1.71 and a beta of 0.92. Dell Technologies has a 1-year low of $52.05 and a 1-year high of $179.70.

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

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the transaction, the director now owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director V (Gp) L.L.C. Slta sold 389,189 shares of Dell Technologies stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at $116,172,669.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the sale, the director now owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,246,728 shares of company stock worth $842,917,457. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several institutional investors have recently made changes to their positions in DELL. Massmutual Trust Co. FSB ADV grew its stake in shares of 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 buying an additional 82 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in Dell Technologies in the first quarter worth approximately $30,000. Central Bank & Trust Co. bought a new position in shares of Dell Technologies during the 1st quarter valued at $34,000. Jones Financial Companies Lllp acquired a new stake in shares of Dell Technologies in the 4th quarter valued at $25,000. Finally, EntryPoint Capital LLC lifted its position in shares of Dell Technologies by 748.7% in the first quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock worth $38,000 after buying an additional 292 shares during the last quarter. 38.10% of the stock is currently 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).