Dell Technologies (NYSE:DELL) Price Target Raised to $141.00 at UBS Group

Dell Technologies (NYSE:DELL) had its price target lifted by stock analysts at UBS Group from $113.00 to $141.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 19.11% from the company’s previous close.

DELL has been the subject of several other reports. Sanford C. Bernstein upped their target price on Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Evercore ISI raised their target price on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Loop Capital started coverage on Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price objective for the company. Morgan Stanley boosted their price objective on Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.63.

Dell Technologies Trading Down 1.0 %

Shares of NYSE DELL opened at $118.38 on Friday. The company has a market capitalization of $84.50 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.51 and a beta of 0.92. The stock has a 50 day moving average of $108.37 and a 200-day moving average of $85.89. Dell Technologies has a 12 month low of $41.47 and a 12 month high of $136.16.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the firm earned $1.55 EPS. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. Analysts predict that Dell Technologies will post 6.58 EPS for the current fiscal year.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 624,450 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the completion of the transaction, the chief executive officer now owns 39,787,791 shares of the company’s stock, valued at $4,766,577,361.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael S. Dell sold 624,450 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the completion of the transaction, the chief executive officer now owns 39,787,791 shares of the company’s stock, valued at $4,766,577,361.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the completion of the sale, the director now directly owns 408,694 shares of the company’s stock, valued at approximately $51,626,226.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,382,204 shares of company stock valued at $718,452,037. 48.60% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of DELL. Cambridge Investment Research Advisors Inc. lifted its position in Dell Technologies by 17.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,076 shares of the technology company’s stock valued at $706,000 after purchasing an additional 2,117 shares during the last quarter. D.A. Davidson & CO. bought a new stake in Dell Technologies in the first quarter valued at approximately $304,000. MetLife Investment Management LLC bought a new stake in Dell Technologies in the first quarter valued at approximately $568,000. Rhumbline Advisers raised its holdings in shares of Dell Technologies by 2.0% during the first quarter. Rhumbline Advisers now owns 254,266 shares of the technology company’s stock valued at $12,762,000 after acquiring an additional 4,949 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Dell Technologies by 5.2% during the first quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock valued at $306,000 after acquiring an additional 302 shares in the last quarter. Institutional investors own 38.10% of the company’s stock.

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).