Dell Technologies (NYSE:DELL) Price Target Raised to $116.00

Dell Technologies (NYSE:DELL) had its target price increased by stock analysts at Barclays from $115.00 to $116.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Barclays‘s target price indicates a potential upside of 12.79% from the stock’s previous close.

Several other brokerages also recently weighed in on DELL. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Melius Research upped their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. TD Cowen dropped their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday. Mizuho reduced their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Finally, 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. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Dell Technologies Trading Down 4.6 %

NYSE:DELL traded down $4.98 during mid-day trading on Friday, hitting $102.85. The company had a trading volume of 20,341,483 shares, compared to its average volume of 8,731,236. Dell Technologies has a 1 year low of $86.93 and a 1 year high of $179.70. The business has a fifty day simple moving average of $112.83 and a 200-day simple moving average of $118.12. The firm has a market capitalization of $72.04 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the company posted $1.62 EPS. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts anticipate that Dell Technologies will post 6.93 earnings per share for the current year.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the transaction, the chief financial officer now owns 228,419 shares in the company, valued at $28,739,678.58. This represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 937,407 shares of company stock worth $114,418,186. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds have recently modified their holdings of the company. Intrepid Financial Planning Group LLC grew its holdings in Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after acquiring an additional 80 shares during the period. Smithfield Trust Co boosted its position in shares of Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after purchasing an additional 84 shares in the last quarter. Graypoint LLC lifted its stake in Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after purchasing an additional 86 shares during the last quarter. ASB Consultores LLC boosted its holdings in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after buying an additional 87 shares in the last quarter. Finally, Equitable Trust Co. grew its position in Dell Technologies by 3.1% in the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock worth $349,000 after buying an additional 88 shares during the last quarter. 76.37% 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).