Dell Technologies (NYSE:DELL) PT raised to $141.00 at UBS Group

Dell Technologies (NYSE:DELL – Get a Free Report) The price target was raised by equities research analysts at UBS Group from $113.00 to $141.00 in a research report issued on Friday, Benzinga reports. The company currently has a buy rating on the technology company’s shares. UBS Group’s price target would indicate a potential upside of 22.75% from the company’s previous closing price.

A number of other research firms have also recently released reports on DELL. Loop Capital initiated coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They set a buy rating and a $125.00 price target on the stock. The Goldman Sachs Group raised their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, March 4. TD Cowen raised their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1. Barclays raised their price target on shares of Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a research note on Friday, March 1. Finally, Evercore ISI raised their price target on shares of Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 1. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $104.63.

Check out our latest research report on DELL

Dell Technologies Stock Performance

DELL shares opened at $114.87 on Friday. Dell Technologies has a one-year low of $41.47 and a one-year high of $136.16. The company’s fifty day moving average price is $108.95 and its 200 day moving average price is $86.35. The company has a market cap of $81.99 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 1.50 and a beta of 0.92.

Dell Technologies (NYSE:DELL – Get Free Report) last reported its earnings results 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 net margin of 3.63% and a negative return on equity of 172.07%. The company had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $22.17 billion. In the same quarter of the previous year, the company earned earnings per share of $1.55. The company’s quarterly revenue fell 10.9% compared to the same quarter last year. On average, research analysts predict that Dell Technologies will post earnings per share of 6.58 for the current fiscal year.

Insider transactions at Dell Technologies

In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction dated Monday, April 8. The shares sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a document filed with the SEC and available on the SEC website. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction dated Monday, April 8. The shares sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a document filed with the SEC and available on the SEC website. Also, Director Iv (Gp) LLC Slta sold 42,545 shares of the company’s stock in a transaction dated Thursday, April 4. The stock sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the transaction, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The explanation of this sale can be found here. Over the last ninety days, insiders have sold 6,382,204 company shares worth $718,452,037. Insiders own 48.60% of the company’s shares.

Institutional inflow and outflow

Several hedge funds and other institutional investors have recently increased or decreased their stakes in DELL. Jones Financial Companies Lllp bought a new position in Dell Technologies in the fourth quarter worth approximately $25,000. Mass Mutual Trust Co. FSB ADV increased its stake in Dell Technologies by 58.2% in the first quarter. Mass Mutual Trust Co. FSB ADV now owns 223 shares of the technology company worth $25,000, after acquiring an additional 82 shares in the last quarter. Anchor Investment Management LLC bought a new position in Dell Technologies in the fourth quarter worth approximately $26,000. Brown Brothers Harriman & Co. bought a new position in Dell Technologies during the first quarter worth approximately $27,000. Finally, Compass Wealth Management LLC bought a new position in Dell Technologies in the fourth quarter valued at approximately $28,000. 38.10% of the shares are currently held by institutional investors.

Dell Technologies Company Profile

(Get a free report)

Dell Technologies Inc designs, develops, manufactures, markets, markets and supports a variety of 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).

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