Dell Technologies Inc. (NYSE:DELL) Receives $135.75 Average Target Price from Analysts

Dell Technologies Inc. (NYSE:DELL) has been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $135.71.

Several brokerages have weighed in on DELL. Evercore ISI reiterated an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Morgan Stanley dropped their price objective on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. UBS Group dropped their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Susquehanna assumed coverage on Dell Technologies in a report on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price objective for the company. Finally, Sanford C. Bernstein dropped their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th.

Dell Technologies Stock Performance

DELL stock opened at $116.82 on Friday. The stock’s 50 day moving average price is $112.79 and its 200 day moving average price is $124.39. The firm has a market cap of $82.86 billion, a P/E ratio of 23.84, a PEG ratio of 1.15 and a beta of 0.90. Dell Technologies has a 1 year low of $63.90 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. On average, research analysts predict that Dell Technologies will post 6.9 earnings per share for the current year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the transaction, the director now directly owns 731,612 shares of the company’s stock, valued at approximately $107,400,641.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the transaction, the director now directly owns 787,669 shares in the company, valued at approximately $105,878,466.98. The disclosure for this sale can be found here. Insiders sold a total of 6,140,496 shares of company stock valued at $722,588,749 in the last ninety days. Insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp acquired a new stake in Dell Technologies during the fourth quarter worth about $25,000. Massmutual Trust Co. FSB ADV raised its stake in Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the period. Accordant Advisory Group Inc acquired a new stake in Dell Technologies during the second quarter worth about $28,000. New Covenant Trust Company N.A. acquired a new stake in Dell Technologies during the first quarter worth about $30,000. Finally, Nemes Rush Group LLC acquired a new stake in Dell Technologies during the second quarter worth about $33,000. Institutional investors own 38.10% of the company’s stock.

Dell Technologies Company Profile

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).