Barclays Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price objective hoisted by Barclays from $115.00 to $116.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Barclays‘s price objective would indicate a potential upside of 12.79% from the stock’s current price.

DELL has been the subject of a number of other research reports. Evercore ISI reiterated an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a research report on Wednesday, November 20th. Melius Research increased their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Mizuho lowered their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.53.

Dell Technologies Stock Performance

NYSE:DELL traded down $4.98 during trading hours on Friday, hitting $102.85. 20,341,483 shares of the company’s stock traded hands, compared to its average volume of 8,731,236. The stock’s fifty day moving average price is $112.83 and its two-hundred day moving average price is $118.12. The firm 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.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 EPS. On average, equities research analysts predict that Dell Technologies will post 6.93 earnings per share for the current year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock valued at $114,418,186 in the last 90 days. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Several institutional investors have recently made changes to their positions in the business. Bellwether Advisors LLC acquired a new stake in Dell Technologies during the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies in the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies during the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at $28,000. Finally, True Wealth Design LLC boosted its stake in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).