Dell Technologies (NYSE:DELL) PT Raised to $98.00 at Barclays

Dell Technologies (NYSE:DELL) had its target price upped by analysts at Barclays from $94.00 to $98.00 in a note issued to investors on Tuesday, MarketBeat reports. The firm currently has an “underweight” rating on the technology company’s stock. Barclays‘s price objective would suggest a potential downside of 33.65% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on DELL. Sanford C. Bernstein increased their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday. Loop Capital assumed coverage on Dell Technologies in a report on Wednesday, February 28th. They set a “buy” rating and a $125.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Dell Technologies from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Monday. Evercore ISI lifted their price target on shares of Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Finally, TD Cowen increased their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.

Dell Technologies Price Performance

Shares of DELL stock opened at $147.71 on Tuesday. The firm has a market cap of $105.43 billion, a P/E ratio of 33.80, a PEG ratio of 1.83 and a beta of 0.87. Dell Technologies has a fifty-two week low of $44.45 and a fifty-two week high of $154.59. The stock’s 50-day moving average is $123.93 and its two-hundred day moving average is $96.71.

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

Insider Buying and Selling

In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now directly owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the transaction, the director now directly owns 408,694 shares in the company, valued at $51,626,226.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,382,204 shares of company stock worth $718,452,037. Corporate insiders own 48.60% of the company’s stock.

Institutional Trading of Dell Technologies

Several large investors have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its position in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after acquiring an additional 82 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies during the 1st quarter valued at approximately $30,000. Central Bank & Trust Co. acquired a new position in Dell Technologies during the 1st quarter worth approximately $34,000. Jones Financial Companies Lllp bought a new position in Dell Technologies in the 4th quarter valued at approximately $25,000. Finally, EntryPoint Capital LLC boosted its position in Dell Technologies by 748.7% in the first quarter. EntryPoint Capital LLC now owns 331 shares of the technology company’s stock valued at $38,000 after buying an additional 292 shares in the last quarter. Institutional investors and hedge funds own 38.10% 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).