Dell Technologies (NYSE:DELL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dell Technologies (NYSE:DELL) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other research firms have also weighed in on DELL. UBS Group dropped their price objective on Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Morgan Stanley increased their price target on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. Bank of America dropped their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, TD Cowen increased their price target on Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Stock Up 3.7%

Shares of DELL opened at $113.63 on Friday. The business has a 50-day simple moving average of $101.01 and a two-hundred day simple moving average of $105.15. The stock has a market cap of $79.30 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.10 and a beta of 1.01. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $161.52.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). The business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.27 EPS. On average, equities analysts anticipate that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,379,092 shares of company stock worth $156,638,174. 42.00% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock valued at $2,653,032,000 after acquiring an additional 1,145,658 shares in the last quarter. Capital World Investors boosted its position in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock valued at $1,436,000,000 after acquiring an additional 72,271 shares in the last quarter. Geode Capital Management LLC boosted its position in Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after acquiring an additional 552,213 shares in the last quarter. Boston Partners boosted its position in Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after acquiring an additional 1,312,600 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after acquiring an additional 1,142,012 shares in the last quarter. Institutional investors 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).