Dell Technologies (NYSE:DELL) Sets New 12-Month High on Analyst Upgrade

Shares of Dell Technologies Inc. (NYSE:DELLGet Free Report) reached a new 52-week high during trading on Wednesday after Bank of America raised their price target on the stock from $130.00 to $180.00. Bank of America currently has a buy rating on the stock. Dell Technologies traded as high as $170.73 and last traded at $169.84, with a volume of 3556429 shares trading hands. The stock had previously closed at $166.08.

Several other analysts also recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Barclays lifted their price target on Dell Technologies from $94.00 to $98.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 21st. The Goldman Sachs Group raised their target price on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Morgan Stanley lifted their target price on shares of Dell Technologies from $128.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, Evercore ISI lifted their price target on Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.25.

Check Out Our Latest Analysis on Dell Technologies

Insiders Place Their Bets

In related news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the sale, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were 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 in the company, valued at approximately $11,544,846.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer D. Saavedra sold 18,260 shares of the stock in a transaction 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 sale, the insider now owns 206,961 shares in the company, valued at approximately $24,856,016.10. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last quarter. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

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

Dell Technologies Stock Performance

The company has a market capitalization of $121.33 billion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 2.59 and a beta of 0.87. The business has a 50 day moving average price of $130.66 and a 200-day moving average price of $100.40.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, equities analysts predict that Dell Technologies Inc. will post 6.74 EPS for the current fiscal year.

Dell Technologies Company Profile

(Get Free Report)

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).

Featured Articles

Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.