Dell (NASDAQ:DELL) Given a $58.00 Price Target by Credit Suisse Group Analysts
Dell (NASDAQ:DELL) received a $58.00 price target from investment analysts at Credit Suisse Group in a report released on Friday, TipRanks reports. The brokerage currently has a “hold” rating on the technology company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 18.25% from the stock’s current price.
Several other research analysts have also recently weighed in on DELL. UBS Group upped their price target on shares of Dell from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Barclays initiated coverage on shares of Dell in a report on Wednesday, August 7th. They issued an “equal weight” rating and a $53.00 price target on the stock. Zacks Investment Research upgraded shares of Dell from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Citigroup upped their target price on shares of Dell from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, Evercore ISI initiated coverage on shares of Dell in a research report on Wednesday, June 5th. They issued an “outperform” rating and a $75.00 target price for the company. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.88.
Shares of Dell stock traded up $0.62 during trading on Friday, hitting $49.05. The stock had a trading volume of 2,006,684 shares, compared to its average volume of 2,591,065. The firm has a market cap of $34.80 billion, a price-to-earnings ratio of 7.95 and a beta of 0.47. Dell has a 12 month low of $42.02 and a 12 month high of $70.55. The business’s 50-day moving average is $53.00 and its 200 day moving average is $57.61. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81.
In other Dell news, insider Howard D. Elias sold 7,702 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $46.74, for a total transaction of $359,991.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jeffrey W. Clarke sold 303,753 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $52.28, for a total transaction of $15,880,206.84. The disclosure for this sale can be found here. Insiders sold 1,599,179 shares of company stock valued at $83,688,997 over the last quarter. 46.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of DELL. BlackRock Inc. boosted its position in Dell by 49.3% during the first quarter. BlackRock Inc. now owns 13,060,216 shares of the technology company’s stock valued at $766,504,000 after buying an additional 4,314,243 shares during the period. Geode Capital Management LLC purchased a new stake in Dell during the fourth quarter valued at about $88,862,000. Investec Asset Management LTD boosted its position in Dell by 597.9% during the second quarter. Investec Asset Management LTD now owns 1,933,500 shares of the technology company’s stock valued at $98,222,000 after buying an additional 1,656,435 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Dell during the fourth quarter valued at about $40,640,000. Finally, Nuveen Asset Management LLC boosted its position in Dell by 134.2% during the second quarter. Nuveen Asset Management LLC now owns 1,194,489 shares of the technology company’s stock valued at $60,680,000 after buying an additional 684,414 shares during the period. Institutional investors and hedge funds own 22.92% of the company’s stock.
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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