Dell Technologies (NYSE:DELL) Price Target Lowered to $105.00 at Citigroup

Dell Technologies (NYSE:DELL) had its price objective cut by analysts at Citigroup from $145.00 to $105.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Citigroup’s target price points to a potential upside of 23.21% from the company’s previous close.

A number of other research analysts also recently weighed in on DELL. JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. TD Cowen decreased their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Loop Capital cut their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Wells Fargo & Company lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Finally, Barclays increased their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock 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 given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $138.88.

Dell Technologies Stock Performance

NYSE:DELL traded up $3.29 during trading on Monday, reaching $85.22. The company’s stock had a trading volume of 12,342,628 shares, compared to its average volume of 10,389,548. Dell Technologies has a 12 month low of $66.25 and a 12 month high of $179.70. The firm has a market cap of $59.47 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The firm has a 50 day moving average of $98.16 and a 200-day moving average of $113.31.

Insider Activity

In other news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently modified their holdings of the company. Bellwether Advisors LLC bought a new position in Dell Technologies during the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies in the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies during the 4th quarter valued at $28,000. Finally, Versant Capital Management Inc lifted its position in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 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).