Dell Technologies (NYSE:DELL – Get Rating) had its price objective boosted by Barclays from $40.00 to $45.00 in a research note released on Friday morning, The Fly reports.
Several other brokerages also recently issued reports on DELL. JPMorgan Chase & Co. downgraded shares of Dell Technologies from an overweight rating to a neutral rating and set a $47.00 price objective on the stock. in a research note on Monday, April 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Dell Technologies from $48.00 to $45.00 and set a buy rating on the stock in a research note on Friday, March 3rd. Credit Suisse Group reaffirmed an outperform rating and set a $50.00 price target on shares of Dell Technologies in a research note on Monday, March 6th. Raymond James cut their price target on shares of Dell Technologies from $50.00 to $45.00 and set an outperform rating on the stock in a research note on Friday, March 3rd. Finally, Sanford C. Bernstein cut their price target on shares of Dell Technologies from $60.00 to $51.00 in a research note on Friday, March 3rd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of Moderate Buy and an average price target of $49.81.
Dell Technologies Price Performance
DELL stock opened at $47.27 on Friday. The company’s 50 day simple moving average is $43.85 and its 200-day simple moving average is $41.91. The firm has a market capitalization of $34.56 billion, a PE ratio of 14.68, a P/E/G ratio of 0.88 and a beta of 1.02. Dell Technologies has a 12 month low of $32.90 and a 12 month high of $51.75.
Insider Activity at Dell Technologies
In related news, CFO Thomas W. Sweet sold 283,388 shares of the firm’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $40.14, for a total transaction of $11,375,194.32. Following the completion of the sale, the chief financial officer now directly owns 211,608 shares of the company’s stock, valued at approximately $8,493,945.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, General Counsel Richard J. Rothberg sold 200,958 shares of the firm’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $45.36, for a total transaction of $9,115,454.88. Following the completion of the sale, the general counsel now directly owns 149,379 shares of the company’s stock, valued at approximately $6,775,831.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Thomas W. Sweet sold 283,388 shares of the firm’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $40.14, for a total transaction of $11,375,194.32. Following the sale, the chief financial officer now directly owns 211,608 shares of the company’s stock, valued at $8,493,945.12. The disclosure for this sale can be found here. In the last three months, insiders sold 522,371 shares of company stock valued at $22,038,868. Corporate insiders own 48.60% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DELL. Arrowstreet Capital Limited Partnership grew its holdings in Dell Technologies by 655.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,534,968 shares of the technology company’s stock worth $182,351,000 after acquiring an additional 3,934,878 shares in the last quarter. Norges Bank bought a new position in shares of Dell Technologies in the 4th quarter worth about $111,100,000. Goldman Sachs Group Inc. lifted its position in shares of Dell Technologies by 80.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,976,265 shares of the technology company’s stock worth $249,759,000 after buying an additional 2,222,995 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Dell Technologies by 220.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,826,108 shares of the technology company’s stock worth $113,638,000 after buying an additional 1,943,992 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Dell Technologies by 68.4% in the 1st quarter. FMR LLC now owns 4,722,119 shares of the technology company’s stock worth $189,876,000 after buying an additional 1,917,286 shares during the last quarter. 26.42% of the stock is owned by institutional investors and hedge funds.
About Dell Technologies
Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.
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