Dell Technologies (NYSE:DELL – Get Free Report) had its price target raised by equities research analysts at TD Cowen from $120.00 to $125.00 in a note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the technology company’s stock. TD Cowen’s target price suggests a potential upside of 12.40% from the company’s previous close.
A number of other brokerages have also recently issued reports on DELL. Mizuho increased their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Morgan Stanley increased their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, May 21st. Citigroup increased their price objective on Dell Technologies from $105.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 16th. UBS Group dropped their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Wells Fargo & Company dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $138.00.
Read Our Latest Report on DELL
Dell Technologies Price Performance
Dell Technologies (NYSE:DELL – Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.27 EPS. As a group, equities analysts expect that Dell Technologies will post 6.93 EPS for the current fiscal year.
Insider Buying and Selling at Dell Technologies
In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 42.00% of the company’s stock.
Hedge Funds Weigh In On Dell Technologies
Several institutional investors have recently modified their holdings of the company. Strs Ohio bought a new position in Dell Technologies during the 1st quarter worth approximately $32,023,000. Ellsworth Advisors LLC grew its position in Dell Technologies by 1.7% during the 1st quarter. Ellsworth Advisors LLC now owns 38,205 shares of the technology company’s stock worth $3,482,000 after acquiring an additional 641 shares during the last quarter. Jacobi Capital Management LLC grew its position in Dell Technologies by 40.5% during the 1st quarter. Jacobi Capital Management LLC now owns 4,156 shares of the technology company’s stock worth $379,000 after acquiring an additional 1,198 shares during the last quarter. Advisors Capital Management LLC bought a new position in Dell Technologies during the 1st quarter worth approximately $9,391,000. Finally, Rollins Financial Advisors LLC bought a new position in Dell Technologies during the 1st quarter worth approximately $223,000. 76.37% of the stock is currently owned by institutional investors.
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).
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