Dell Technologies (NYSE:DELL) Upgraded to “Positive” at OTR Global

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

Several other research firms have also weighed in on DELL. Melius Research upped their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Citigroup lowered their target price on Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Barclays raised their price target on Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. lowered their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $147.47.

Dell Technologies Stock Down 0.8 %

DELL opened at $111.46 on Wednesday. The firm has a market capitalization of $78.07 billion, a P/E ratio of 19.69, a PEG ratio of 0.91 and a beta of 0.90. The stock has a fifty day moving average of $113.92 and a 200-day moving average of $117.18. Dell Technologies has a 12-month low of $80.49 and a 12-month high of $179.70.

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

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $132.28, for a total transaction of $95,903.00. Following the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 946,132 shares of company stock worth $115,660,009. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently bought and sold shares of DELL. UniSuper Management Pty Ltd boosted its holdings in Dell Technologies by 13.0% during the fourth quarter. UniSuper Management Pty Ltd now owns 65,558 shares of the technology company’s stock valued at $7,555,000 after purchasing an additional 7,558 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its position in shares of Dell Technologies by 36.4% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 33,893 shares of the technology company’s stock worth $3,906,000 after buying an additional 9,051 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Dell Technologies by 18.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,777 shares of the technology company’s stock valued at $58,489,000 after buying an additional 77,418 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Dell Technologies in the fourth quarter valued at $207,000. Finally, Arlington Capital Management Inc. raised its stake in Dell Technologies by 538.7% during the fourth quarter. Arlington Capital Management Inc. now owns 21,858 shares of the technology company’s stock worth $2,519,000 after acquiring an additional 18,436 shares in the last quarter. Institutional investors and hedge funds own 76.37% 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).