Dell Technologies (NYSE:DELL) Upgraded at Wall Street Zen

Dell Technologies (NYSE:DELL) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

DELL has been the topic of several other research reports. Citigroup boosted their target price on Dell Technologies from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, May 30th. KeyCorp assumed coverage on Dell Technologies in a research report on Thursday, June 26th. They set a “sector weight” rating on the stock. Morgan Stanley boosted their target price on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, May 21st. Mizuho boosted their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Finally, Evercore ISI restated an “outperform” rating on shares of Dell Technologies in a report on Thursday, May 29th. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Dell Technologies Trading Up 1.3%

DELL opened at $125.05 on Friday. Dell Technologies has a 12-month low of $66.25 and a 12-month high of $150.23. The stock has a fifty day simple moving average of $110.96 and a two-hundred day simple moving average of $105.27. The company has a market cap of $84.89 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $23.17 billion. During the same period in the previous year, the business posted $1.27 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the sale, the chief executive officer owned 25,912,241 shares of the company’s stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brunilda Rios sold 6,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares of the company’s stock, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,113,977 shares of company stock valued at $1,471,321,229 in the last 90 days. 42.00% of the stock is owned by insiders.

Institutional Trading of Dell Technologies

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after acquiring an additional 1,145,658 shares during the period. Capital World Investors lifted its holdings in Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after acquiring an additional 72,271 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after buying an additional 552,213 shares during the last quarter. Boston Partners raised its holdings in Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after buying an additional 1,142,012 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other 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).