Dell Technologies (NYSE:DELL) Given Outperform Rating at Evercore ISI

Dell Technologies (NYSE:DELL)‘s stock had its “outperform” rating reissued by Evercore ISI in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $140.00 target price on the technology company’s stock. Evercore ISI’s target price points to a potential upside of 27.74% from the company’s previous close.

DELL has been the topic of several other research reports. Citigroup cut their target price on Dell Technologies from $170.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Bank of America decreased their target price on Dell Technologies from $180.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Wells Fargo & Company decreased their price objective on Dell Technologies from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, August 14th. Finally, Sanford C. Bernstein boosted their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.38.

Dell Technologies Stock Down 2.0 %

Shares of DELL traded down $2.26 during midday trading on Wednesday, hitting $109.60. The company’s stock had a trading volume of 6,330,760 shares, compared to its average volume of 10,133,184. The stock has a market capitalization of $77.74 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The company’s fifty day simple moving average is $122.31 and its two-hundred day simple moving average is $122.17. Dell Technologies has a one year low of $53.62 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm had revenue of $22.24 billion for the quarter, compared to the consensus estimate of $21.70 billion. On average, research analysts predict that Dell Technologies will post 6.85 earnings per share for the current year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the sale, the director now directly owns 806,352 shares in the company, valued at $108,986,536.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Dell Technologies news, Director David W. Dorman sold 75,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the transaction, the director now owns 114,317 shares of the company’s stock, valued at approximately $15,462,517.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the sale, the director now directly owns 806,352 shares of the company’s stock, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,058,131 shares of company stock valued at $963,293,619. 46.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies in the 4th quarter valued at $25,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in Dell Technologies in the 2nd quarter worth approximately $28,000. New Covenant Trust Company N.A. purchased a new stake in shares of Dell Technologies in the 1st quarter valued at $30,000. Finally, Nemes Rush Group LLC purchased a new position in shares of Dell Technologies in the 2nd quarter valued at about $33,000. Institutional investors own 38.10% 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).