Dell Technologies (NYSE:DELL) PT Raised to $185.00 at Loop Capital

Dell Technologies (NYSE:DELLFree Report) had its price target upped by Loop Capital from $125.00 to $185.00 in a research note released on Tuesday morning, Benzinga reports. Loop Capital currently has a buy rating on the technology company’s stock.

A number of other brokerages have also recently weighed in on DELL. JPMorgan Chase & Co. upped their price target on Dell Technologies from $125.00 to $155.00 and gave the company an overweight rating in a research report on Monday, May 20th. The Goldman Sachs Group increased their price target on Dell Technologies from $87.00 to $129.00 and gave the stock a buy rating in a report on Monday, March 4th. Sanford C. Bernstein upped their price target on Dell Technologies from $120.00 to $155.00 and gave the stock an outperform rating in a research report on Monday, May 20th. TD Cowen increased their price target on Dell Technologies from $75.00 to $105.00 and gave the company a market perform rating in a research report on Friday, March 1st. Finally, Barclays lifted their price objective on shares of Dell Technologies from $94.00 to $98.00 and gave the company an underweight rating in a research report on Tuesday, May 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $135.81.

Read Our Latest Stock Analysis on Dell Technologies

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $139.56 on Tuesday. The stock has a market capitalization of $99.62 billion, a P/E ratio of 31.94, a P/E/G ratio of 2.71 and a beta of 0.87. The business has a 50-day moving average of $131.21 and a two-hundred day moving average of $100.86. Dell Technologies has a fifty-two week low of $44.45 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings data 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. The company had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. Dell Technologies’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.55 earnings per share. As a group, research analysts expect that Dell Technologies will post 6.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 41,550 shares of Dell Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the transaction, the chief executive officer now owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 41,550 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the completion of the sale, the chief executive officer now owns 36,389,719 shares of the company’s stock, valued at approximately $3,894,791,624.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Richard J. Rothberg sold 93,954 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares in the company, valued at approximately $11,544,846.20. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in shares of Dell Technologies during the fourth quarter valued at about $25,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Dell Technologies by 58.2% during the 1st 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 period. Anchor Investment Management LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $26,000. Pinnacle Bancorp Inc. lifted its stake in Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the last quarter. Finally, New Covenant Trust Company N.A. bought a new position in shares of Dell Technologies during the 1st quarter worth $30,000. Institutional investors own 38.10% of the company’s stock.

About Dell Technologies

(Get Free Report)

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).

See Also

Analyst Recommendations for Dell Technologies (NYSE:DELL)

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