Loop Capital Lowers Dell Technologies (NYSE:DELL) Price Target to $130.00

Dell Technologies (NYSE:DELL) had its price objective lowered by research analysts at Loop Capital from $185.00 to $130.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Loop Capital’s price objective suggests a potential upside of 37.99% from the stock’s previous close.

DELL has been the subject of a number of other reports. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Citigroup cut their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Melius Research boosted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays raised their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Wells Fargo & Company reduced their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Down 1.4 %

Shares of Dell Technologies stock traded down $1.35 during trading hours on Tuesday, reaching $94.21. 12,769,854 shares of the company’s stock were exchanged, compared to its average volume of 8,935,412. The business has a fifty day moving average of $112.10 and a two-hundred day moving average of $118.30. The company has a market capitalization of $65.99 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Dell Technologies has a 1 year low of $86.93 and a 1 year high of $179.70.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 929,407 shares of company stock valued at $113,411,626 in the last quarter. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DELL. Bellwether Advisors LLC purchased a new position in Dell Technologies during the 4th quarter worth approximately $25,000. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the 4th quarter valued at $28,000. Finally, True Wealth Design LLC grew its position in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 76.37% 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).