Dell Technologies (NYSE:DELL) Upgraded at OTR Global

Dell Technologies (NYSE:DELL) was upgraded by investment analysts at OTR Global from a “negative” rating to a “positive” rating in a research report issued on Wednesday,Briefing.com Automated Import reports.

Other equities research analysts have also issued reports about the company. Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Citigroup dropped their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $147.47.

Dell Technologies Price Performance

Dell Technologies stock opened at $111.46 on Wednesday. The firm’s 50-day moving average is $113.92 and its two-hundred day moving average is $117.18. The stock has a market capitalization of $78.07 billion, a P/E ratio of 19.69, a P/E/G ratio of 0.91 and a beta of 0.90. Dell Technologies has a 12-month low of $80.49 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. As a group, analysts forecast that Dell Technologies will post 6.92 EPS for the current year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the sale, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 946,132 shares of company stock worth $115,660,009. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Intrepid Financial Planning Group LLC boosted its holdings in Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock worth $1,423,000 after buying an additional 80 shares in the last quarter. Smithfield Trust Co boosted its stake in shares of Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock worth $134,000 after acquiring an additional 84 shares in the last quarter. Graypoint LLC raised its position in shares of Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock worth $247,000 after purchasing an additional 86 shares during the period. ASB Consultores LLC lifted its holdings in shares of Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock valued at $236,000 after purchasing an additional 87 shares during the last quarter. Finally, Equitable Trust Co. boosted its position in shares of Dell Technologies by 3.1% in the 3rd quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after purchasing an additional 88 shares during the period. Institutional investors own 76.37% of the company’s stock.

About Dell Technologies

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).