Bank of America Cuts Dell Technologies (NYSE:DELL) Price Target to $150.00

Dell Technologies (NYSE:DELL - Get Free Report) had its target price decreased by analysts at Bank of America from $155.00 to $150.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Bank of America's price objective points to a potential upside of 27.49% from the company's previous close.

DELL has been the topic of several other reports. JPMorgan Chase & Co. reduced their price objective on Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Mizuho lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Wednesday, November 27th. Wells Fargo & Company raised their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Barclays raised their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Finally, Citigroup cut their price objective on Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $145.00.

Dell Technologies Trading Down 1.9 %

Shares of NYSE:DELL traded down $2.23 during trading on Tuesday, reaching $117.66. The company's stock had a trading volume of 5,654,105 shares, compared to its average volume of 8,291,970. The firm's 50 day simple moving average is $113.12 and its two-hundred day simple moving average is $117.42. Dell Technologies has a 12 month low of $85.40 and a 12 month high of $179.70. The stock has a market capitalization of $82.41 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share 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 company had revenue of $24.37 billion for the quarter, compared to analysts' expectations of $24.67 billion. During the same period in the previous year, the firm posted $1.62 earnings per share. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts anticipate that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the transaction, the chief financial officer now directly owns 228,419 shares of the company's stock, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares of the company's stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 937,407 shares of company stock worth $114,418,186 in the last three months. Corporate insiders own 46.70% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently bought and sold shares of the company. Burns J W & Co. Inc. NY acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $1,272,000. iA Global Asset Management Inc. boosted its stake in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company's stock valued at $1,345,000 after acquiring an additional 5,203 shares in the last quarter. National Pension Service boosted its stake in Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company's stock valued at $73,543,000 after acquiring an additional 50,304 shares in the last quarter. Sky Investment Group LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at about $1,687,000. Finally, Enclave Advisors LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at about $848,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).