Wall Street Zen Upgrades Dell Technologies (NYSE:DELL) to Buy

Dell Technologies (NYSE:DELL) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other analysts have also recently issued reports on the company. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on Dell Technologies from $111.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. The Goldman Sachs Group decreased their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Raymond James raised their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, May 30th. Finally, UBS Group decreased their price target on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Price Performance

Shares of DELL stock opened at $109.48 on Friday. The stock has a 50-day moving average of $100.19 and a 200-day moving average of $105.25. Dell Technologies has a one year low of $66.25 and a one year high of $161.52. The stock has a market cap of $76.40 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last posted 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). Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period in the previous year, the company posted $1.27 earnings per share. Dell Technologies’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Dell Technologies will post 6.93 earnings per share for the current year.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction 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 $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 453,321 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $114.99, for a total value of $52,127,381.79. Following the sale, the director now directly owns 877,339 shares of the company’s stock, valued at $100,885,211.61. This represents a 34.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 851,905 shares of company stock valued at $97,155,665. 42.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares during the last quarter. Capital World Investors increased its position in Dell Technologies by 0.6% during the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after buying an additional 72,271 shares during the period. Geode Capital Management LLC increased its position in Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after buying an additional 552,213 shares during the period. Boston Partners increased its position in Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after buying an additional 1,312,600 shares during the period. Finally, Deutsche Bank AG increased its position in Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after buying an additional 1,142,012 shares during the period. Institutional investors and hedge funds 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).