Citigroup began coverage on shares of Dell Technologies (NYSE:DELL) in a research note issued to investors on Friday, The Fly reports. The firm issued a buy rating on the technology company’s stock.
A number of other equities research analysts have also recently commented on the company. Raymond James decreased their price objective on Dell Technologies from $118.00 to $115.00 and set an outperform rating for the company in a research note on Friday, August 27th. Barclays boosted their target price on Dell Technologies from $80.00 to $92.00 and gave the company an equal weight rating in a research note on Friday, May 28th. Evercore ISI assumed coverage on Dell Technologies in a research note on Friday, August 20th. They issued a buy rating and a $110.00 target price for the company. UBS Group boosted their target price on Dell Technologies from $113.00 to $116.00 and gave the company a buy rating in a research note on Friday, August 27th. Finally, Societe Generale decreased their target price on Dell Technologies from $112.00 to $104.00 and set a hold rating for the company in a research note on Tuesday, August 31st. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $106.53.
Shares of DELL opened at $100.87 on Friday. The stock has a fifty day moving average price of $97.50 and a two-hundred day moving average price of $96.86. The company has a debt-to-equity ratio of 3.74, a quick ratio of 0.71 and a current ratio of 0.79. Dell Technologies has a 52-week low of $58.88 and a 52-week high of $104.62. The company has a market cap of $77.18 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 0.99 and a beta of 0.99.
In related news, major shareholder Lieberman Dell Separate Susan sold 131,616 shares of the stock in a transaction that occurred on Friday, June 25th. The stock was sold at an average price of $99.56, for a total transaction of $13,103,688.96. Following the sale, the insider now owns 7,090 shares of the company’s stock, valued at $705,880.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 1,316,156 shares of the firm’s stock in a transaction on Friday, June 25th. The shares were sold at an average price of $99.56, for a total value of $131,036,491.36. Following the completion of the sale, the chief executive officer now directly owns 6,022,159 shares in the company, valued at approximately $599,566,150.04. The disclosure for this sale can be found here. Insiders sold 3,406,727 shares of company stock worth $337,831,370 in the last 90 days. Corporate insiders own 47.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. JTC Employer Solutions Trusteee Ltd bought a new position in shares of Dell Technologies in the 2nd quarter valued at $29,000. Van ECK Associates Corp acquired a new stake in shares of Dell Technologies in the 1st quarter valued at about $27,000. Highlander Capital Management LLC grew its stake in shares of Dell Technologies by 3,000.0% in the 2nd quarter. Highlander Capital Management LLC now owns 310 shares of the technology company’s stock valued at $31,000 after buying an additional 300 shares during the period. Abundance Wealth Counselors acquired a new stake in shares of Dell Technologies in the 1st quarter valued at about $44,000. Finally, Bessemer Group Inc. grew its stake in shares of Dell Technologies by 172.3% in the 1st quarter. Bessemer Group Inc. now owns 580 shares of the technology company’s stock valued at $51,000 after buying an additional 367 shares during the period. Institutional investors own 30.04% of the company’s stock.
About Dell Technologies
Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.
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