Dell Technologies Inc. (NYSE:DELL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Dell Technologies Inc. (NYSE:DELL) have been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $138.00.

A number of brokerages recently weighed in on DELL. Mizuho raised their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. The Goldman Sachs Group decreased their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Bank of America reduced their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $111.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Finally, Raymond James boosted their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, May 30th.

Dell Technologies Stock Up 3.7%

DELL stock opened at $113.63 on Tuesday. Dell Technologies has a 52-week low of $66.25 and a 52-week high of $161.52. The company’s 50-day simple moving average is $101.01 and its 200-day simple moving average is $105.15. The firm has a market cap of $79.30 billion, a P/E ratio of 20.08, a PEG ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results 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). The company had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 EPS. On average, analysts anticipate that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the sale, the director now directly owns 938,741 shares in the company, valued at $105,918,147.03. This trade represents a 35.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,379,092 shares of company stock worth $156,638,174 over the last quarter. 42.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bellwether Advisors LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth about $25,000. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies during the 1st quarter worth approximately $26,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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).