Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Melius Research Analyst Says

Dell Technologies (NYSE:DELL) had its price objective hoisted by Melius Research from $140.00 to $155.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Melius Research’s target price points to a potential upside of 24.62% from the stock’s previous close.

A number of other analysts have also recently commented on DELL. Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a research note on Friday, September 27th. They set a “buy” rating and a $144.00 price target on the stock. Bank of America increased their target price on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Morgan Stanley lifted their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Citigroup dropped their price objective on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.18.

Dell Technologies Trading Down 12.2 %

Shares of NYSE DELL opened at $124.38 on Wednesday. The firm has a market cap of $87.36 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. The stock has a fifty day simple moving average of $127.21 and a two-hundred day simple moving average of $126.94. Dell Technologies has a 1-year low of $67.51 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. The company had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. Analysts forecast that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 221,460 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at approximately $2,060,873,016.67. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,962,112 shares of company stock worth $2,114,595,059. Corporate insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Several hedge funds have recently added to or reduced their stakes in DELL. GPS Wealth Strategies Group LLC increased its holdings in shares of Dell Technologies by 1.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after buying an additional 80 shares during the period. Intrepid Financial Planning Group LLC grew its position in Dell Technologies by 0.7% during the 3rd quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after acquiring an additional 80 shares during the last quarter. Smithfield Trust Co increased its stake in Dell Technologies by 8.0% in the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after purchasing an additional 84 shares during the period. Graypoint LLC lifted its position in Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after purchasing an additional 86 shares during the last quarter. Finally, Affinity Wealth Management LLC boosted its stake in shares of Dell Technologies by 2.5% during the third quarter. Affinity Wealth Management LLC now owns 3,560 shares of the technology company’s stock valued at $422,000 after purchasing an additional 87 shares during the period. 38.10% of the stock is owned by institutional investors.

Dell Technologies Company Profile

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).