Dell Technologies (NYSE:DELL) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $100.00 to $120.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 18.32% from the stock’s current price.
Several other brokerages have also recently issued reports on DELL. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $103.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. Raymond James upped their target price on Dell Technologies from $92.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday. Zacks Investment Research cut Dell Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, March 4th. Wells Fargo & Company upped their target price on Dell Technologies from $90.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Argus initiated coverage on Dell Technologies in a research note on Wednesday, January 20th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Dell Technologies currently has a consensus rating of “Buy” and a consensus price target of $90.37.
Shares of NYSE:DELL opened at $101.42 on Monday. Dell Technologies has a 12-month low of $37.20 and a 12-month high of $102.17. The stock has a market cap of $77.35 billion, a PE ratio of 31.89, a P/E/G ratio of 0.95 and a beta of 0.96. The business has a 50 day moving average of $88.04 and a 200-day moving average of $75.79. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 7.29.
Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, February 25th. The technology company reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.51. The business had revenue of $26.15 billion during the quarter, compared to analysts’ expectations of $24.48 billion. Dell Technologies had a return on equity of 124.18% and a net margin of 2.63%. Equities research analysts expect that Dell Technologies will post 6.25 earnings per share for the current year.
In other news, General Counsel Richard J. Rothberg sold 177,471 shares of the stock in a transaction dated Wednesday, March 17th. The shares were sold at an average price of $90.00, for a total transaction of $15,972,390.00. Following the transaction, the general counsel now owns 347,495 shares of the company’s stock, valued at approximately $31,274,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey W. Clarke sold 100,000 shares of the stock in a transaction dated Friday, January 22nd. The stock was sold at an average price of $75.59, for a total transaction of $7,559,000.00. Following the transaction, the chief operating officer now directly owns 484,445 shares in the company, valued at approximately $36,619,197.55. The disclosure for this sale can be found here. Insiders have sold 733,754 shares of company stock worth $60,494,145 in the last ninety days. Insiders own 48.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Dodge & Cox lifted its position in Dell Technologies by 7.4% in the 4th quarter. Dodge & Cox now owns 37,307,662 shares of the technology company’s stock valued at $2,734,279,000 after acquiring an additional 2,570,856 shares in the last quarter. BlackRock Inc. lifted its position in Dell Technologies by 18.5% in the 4th quarter. BlackRock Inc. now owns 15,575,594 shares of the technology company’s stock valued at $1,141,536,000 after acquiring an additional 2,428,182 shares in the last quarter. Lyrical Asset Management LP lifted its position in Dell Technologies by 0.3% in the 4th quarter. Lyrical Asset Management LP now owns 4,956,382 shares of the technology company’s stock valued at $363,253,000 after acquiring an additional 13,756 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in Dell Technologies by 51.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,997,538 shares of the technology company’s stock valued at $219,690,000 after acquiring an additional 1,023,990 shares in the last quarter. Finally, Norges Bank bought a new position in Dell Technologies in the 4th quarter valued at about $194,878,000. 27.38% of the stock is currently owned by institutional investors.
Dell Technologies Company Profile
Dell Technologies Inc designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.
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