Dell Technologies (NYSE:DELL) Price Target Cut to $120.00 by Analysts at Evercore ISI

Dell Technologies (NYSE:DELL) had its price objective lowered by investment analysts at Evercore ISI from $145.00 to $120.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Evercore ISI’s target price indicates a potential upside of 25.92% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Citigroup reduced their price target on Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a report on Monday, April 14th. Barclays lifted their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, Loop Capital cut their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $134.65.

Dell Technologies Price Performance

DELL stock traded up $0.41 during trading hours on Monday, reaching $95.30. The stock had a trading volume of 401,646 shares, compared to its average volume of 8,613,724. The stock has a market capitalization of $66.50 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The stock has a 50-day simple moving average of $93.29 and a 200 day simple moving average of $111.07. Dell Technologies has a fifty-two week low of $66.25 and a fifty-two week high of $179.70.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 46.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Burns J W & Co. Inc. NY bought a new position in Dell Technologies in the fourth quarter valued at approximately $1,272,000. Sky Investment Group LLC bought a new position in shares of Dell Technologies in the 4th quarter valued at $1,687,000. Enclave Advisors LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth $848,000. Empowered Funds LLC lifted its position in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after buying an additional 3,470 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in Dell Technologies in the third quarter valued at about $7,435,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).