Dell Technologies (NYSE:DELL) Receives New Coverage from Analysts at Mizuho

Mizuho assumed coverage on shares of Dell Technologies (NYSE:DELL) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $135.00 target price on the technology company’s stock.

Several other analysts also recently weighed in on DELL. Sanford C. Bernstein dropped their price objective on Dell Technologies from $155.00 to $140.00 and set an outperform rating for the company in a research report on Friday, August 30th. Bank of America increased their target price on Dell Technologies from $150.00 to $155.00 and gave the company a buy rating in a research report on Friday, August 30th. Citigroup increased their price target on Dell Technologies from $155.00 to $160.00 and gave the company a buy rating in a research note on Friday, August 30th. UBS Group decreased their price target on Dell Technologies from $164.00 to $158.00 and set a buy rating for the company in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. increased their price target on Dell Technologies from $155.00 to $160.00 and gave the company an overweight rating in a research note on Thursday, August 15th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $135.71.

Dell Technologies Stock Performance

DELL opened at $116.82 on Tuesday. The firm has a market cap of $82.86 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies has a 52-week low of $63.90 and a 52-week high of $179.70. The business’s fifty day moving average is $112.79 and its 200-day moving average is $124.39.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.14 billion. During the same period in the prior year, the firm posted $1.44 EPS. Dell Technologies’s quarterly revenue was up 9.1% on a year-over-year basis. On average, research analysts predict that Dell Technologies will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the sale, the director now directly owns 731,612 shares in the company, valued at $116,172,669.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the transaction, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now owns 731,612 shares of the company’s stock, valued at $116,172,669.48. The disclosure for this sale can be found here. Insiders have sold a total of 6,140,496 shares of company stock worth $722,588,749 over the last ninety days. 46.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of DELL. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies in the 2nd quarter valued at about $28,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the period. Nemes Rush Group LLC bought a new position in shares of Dell Technologies during the 2nd quarter valued at $33,000. Crewe Advisors LLC bought a new position in Dell Technologies in the 2nd quarter worth $34,000. Finally, New Covenant Trust Company N.A. purchased a new stake in Dell Technologies in the 1st quarter worth $30,000. 38.10% of the stock is currently owned by hedge funds and other 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).