Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Bank of America Analyst Says

Dell Technologies (NYSE:DELL) had its price target lifted by investment analysts at Bank of America from $155.00 to $165.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Bank of America‘s target price would indicate a potential upside of 25.88% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. TD Cowen boosted their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a “hold” rating in a report on Friday, May 30th. Wall Street Zen downgraded Dell Technologies from a “buy” rating to a “hold” rating in a report on Monday, July 14th. UBS Group lowered their price target on Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Raymond James Financial increased their price target on Dell Technologies from $144.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, May 30th. Finally, KeyCorp initiated coverage on Dell Technologies in a research report on Thursday, June 26th. They issued a “sector weight” rating for the company. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.06.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $131.08 on Friday. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $147.66. The stock’s fifty day moving average is $117.32 and its 200 day moving average is $105.93. The stock has a market capitalization of $88.98 billion, a P/E ratio of 20.91, a PEG ratio of 1.21 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last released its 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 business had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. Equities research analysts forecast that Dell Technologies will post 6.93 earnings per share for the current year.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the transaction, the director directly owned 938,741 shares in the company, valued at $105,918,147.03. This trade represents a 35.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the transaction, the general counsel owned 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,897,063 shares of company stock worth $1,570,909,812 over the last quarter. Company insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its stake in shares of Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock valued at $224,000 after purchasing an additional 506 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in shares of Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company’s stock valued at $238,000 after purchasing an additional 809 shares during the period. Mather Group LLC. lifted its stake in shares of Dell Technologies by 113.3% in the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock valued at $95,000 after purchasing an additional 554 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Dell Technologies by 54.6% in the 1st quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company’s stock valued at $402,000 after purchasing an additional 1,558 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after purchasing an additional 552,213 shares during the period. Hedge funds and other institutional investors own 76.37% 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).