TD Cowen Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its target price boosted by TD Cowen from $120.00 to $125.00 in a research note published on Friday morning, Marketbeat Ratings reports. They currently have a hold rating on the technology company’s stock.

A number of other research firms have also recently issued reports on DELL. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. UBS Group reduced their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Raymond James boosted their price target on shares of Dell Technologies from $139.00 to $144.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price target on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, Barclays boosted their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Dell Technologies Trading Down 2.1%

DELL stock opened at $111.21 on Friday. The firm’s 50-day moving average price is $95.00 and its two-hundred day moving average price is $107.27. Dell Technologies has a 12-month low of $66.25 and a 12-month high of $161.52. The stock has a market capitalization of $77.61 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $23.17 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. Dell Technologies’s revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling

In other news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DELL. Norges Bank bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $455,029,000. Vanguard Group Inc. lifted its stake in shares of Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after buying an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $265,052,000. Janus Henderson Group PLC lifted its position in Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company’s stock valued at $348,814,000 after purchasing an additional 1,865,013 shares during the period. Finally, Boston Partners lifted its position in Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after purchasing an additional 1,312,600 shares during the period. Institutional investors own 76.37% of the company’s stock.

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).