UBS Group Lowers Dell Technologies (NYSE:DELL) Price Target to $150.00

Dell Technologies (NYSE:DELL) had its price target dropped by equities researchers at UBS Group from $158.00 to $150.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s price objective would indicate a potential upside of 45.85% from the company’s previous close.

DELL has been the topic of several other reports. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Mizuho lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Bank of America lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Evercore ISI reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Finally, Citigroup lowered their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.53.

Dell Technologies Stock Down 4.6 %

Dell Technologies stock opened at $102.85 on Friday. The stock has a market cap of $72.04 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.10 and a beta of 0.90. Dell Technologies has a twelve month low of $86.93 and a twelve month high of $179.70. The company’s 50-day moving average price is $112.57 and its two-hundred day moving average price is $118.30.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the sale, the chief financial officer now owns 228,419 shares in the company, valued at $28,739,678.58. This trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock worth $114,418,186 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Optimist Retirement Group LLC raised its position in shares of Dell Technologies by 27.3% during the third quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after acquiring an additional 463 shares during the last quarter. abrdn plc raised its position in shares of Dell Technologies by 1,474.6% during the third quarter. abrdn plc now owns 104,630 shares of the technology company’s stock worth $12,360,000 after acquiring an additional 97,985 shares during the last quarter. Diversify Advisory Services LLC raised its position in shares of Dell Technologies by 24.9% during the third quarter. Diversify Advisory Services LLC now owns 3,428 shares of the technology company’s stock worth $413,000 after acquiring an additional 684 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Dell Technologies during the third quarter worth about $29,033,000. Finally, First Trust Direct Indexing L.P. raised its position in shares of Dell Technologies by 41.5% during the third quarter. First Trust Direct Indexing L.P. now owns 4,698 shares of the technology company’s stock worth $557,000 after acquiring an additional 1,379 shares during the last quarter. 76.37% 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).