Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Dell Technologies (NYSE:DELL) had its target price hoisted by equities researchers at Wells Fargo & Company from $140.00 to $160.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 17.78% from the stock’s current price.

DELL has been the topic of several other research reports. Bank of America lifted their target price on shares of Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Sanford C. Bernstein dropped their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Evercore ISI reiterated an “outperform” rating and issued a $140.00 target price on shares of Dell Technologies in a report on Wednesday, August 28th. Raymond James dropped their target price on shares of Dell Technologies from $166.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen dropped their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.88.

Dell Technologies Trading Down 0.1 %

DELL stock opened at $135.85 on Monday. Dell Technologies has a 1 year low of $67.51 and a 1 year high of $179.70. The company has a fifty day simple moving average of $124.21 and a 200 day simple moving average of $126.62. The firm has a market cap of $95.42 billion, a PE ratio of 24.97, a PEG ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the business earned $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts forecast that Dell Technologies will post 6.92 EPS for the current fiscal year.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the completion of the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,954,112 shares of company stock worth $2,113,449,139. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently modified their holdings of the stock. Citizens Business Bank lifted its position in shares of Dell Technologies by 326.7% during the third quarter. Citizens Business Bank now owns 31,644 shares of the technology company’s stock worth $3,751,000 after purchasing an additional 24,228 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Dell Technologies by 9.9% during the third quarter. TD Private Client Wealth LLC now owns 7,458 shares of the technology company’s stock worth $884,000 after purchasing an additional 671 shares in the last quarter. Fortem Financial Group LLC lifted its position in shares of Dell Technologies by 3.4% during the third quarter. Fortem Financial Group LLC now owns 34,811 shares of the technology company’s stock worth $4,126,000 after purchasing an additional 1,158 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Dell Technologies by 14.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 264,100 shares of the technology company’s stock worth $31,306,000 after purchasing an additional 33,000 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Dell Technologies by 16,925.2% during the third quarter. Sunbelt Securities Inc. now owns 21,622 shares of the technology company’s stock worth $2,563,000 after purchasing an additional 21,495 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

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).