Dell Technologies (NYSE:DELL) PT Raised to $170.00 at Citigroup

Dell Technologies (NYSE:DELL) had its target price upped by equities research analysts at Citigroup from $125.00 to $170.00 in a note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s price target points to a potential upside of 15.09% from the stock’s previous close.

A number of other research analysts have also recently issued reports on DELL. UBS Group lifted their price target on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday, April 19th. Sanford C. Bernstein increased their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday. Evercore ISI boosted their price objective on shares of Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. boosted their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Dell Technologies Trading Up 0.3 %

Shares of NYSE DELL opened at $147.71 on Tuesday. The firm has a market capitalization of $105.43 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 1.83 and a beta of 0.87. Dell Technologies has a one year low of $44.45 and a one year high of $154.59. The business has a fifty day simple moving average of $123.93 and a 200 day simple moving average of $96.71.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The business had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the company posted $1.55 EPS. On average, research analysts anticipate that Dell Technologies will post 6.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the transaction, the director now owns 535,816 shares in the company, valued at approximately $71,997,595.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer D. Saavedra sold 18,260 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the transaction, the insider now owns 206,961 shares of the company’s stock, valued at $24,856,016.10. The disclosure for this sale can be found here. Insiders sold 6,382,204 shares of company stock worth $718,452,037 over the last ninety days. 48.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its position in shares of Dell Technologies by 27.2% during the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock valued at $20,936,000 after acquiring an additional 58,590 shares during the period. Nordea Investment Management AB grew its stake in Dell Technologies by 158.3% during the fourth quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after buying an additional 142,337 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in Dell Technologies by 171.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock valued at $1,253,000 after buying an additional 10,350 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Dell Technologies by 1,475.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock valued at $22,230,000 after buying an additional 272,144 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Dell Technologies by 13.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company’s stock worth $6,226,000 after acquiring an additional 9,538 shares during the period. 38.10% 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).