Dell Technologies (NYSE:DELL) Given New $145.00 Price Target at Citigroup

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective cut by investment analysts at Citigroup from $156.00 to $145.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Citigroup's price target would indicate a potential upside of 23.24% from the company's previous close.

Several other analysts have also weighed in on the stock. OTR Global upgraded shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, February 11th. Bank of America lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Melius Research lifted 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. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $145.00.

Dell Technologies Stock Down 1.9 %

Dell Technologies stock traded down $2.23 during mid-day trading on Friday, hitting $117.66. 5,654,105 shares of the stock were exchanged, compared to its average volume of 8,291,970. Dell Technologies has a 12 month low of $85.40 and a 12 month high of $179.70. The firm's fifty day simple moving average is $113.12 and its two-hundred day simple moving average is $117.42. The stock has a market capitalization of $82.41 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.11 and a beta of 0.90.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same quarter last year, the business earned $1.62 EPS. The company's revenue was up 9.5% compared to the same quarter last year. As a group, analysts forecast that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company's stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the transaction, the director now directly owns 777,347 shares in the company, valued at $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 937,407 shares of company stock valued at $114,418,186 in the last three months. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in DELL. Optimist Retirement Group LLC boosted its holdings in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company's stock worth $256,000 after buying an additional 463 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Dell Technologies by 132.1% in the 3rd quarter. Blue Trust Inc. now owns 1,409 shares of the technology company's stock worth $167,000 after buying an additional 802 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Dell Technologies by 52.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,735 shares of the technology company's stock worth $443,000 after buying an additional 1,280 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Dell Technologies by 24.6% in the 3rd quarter. Signaturefd LLC now owns 5,686 shares of the technology company's stock worth $674,000 after buying an additional 1,124 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Dell Technologies by 110.6% in the 3rd quarter. Private Advisor Group LLC now owns 61,069 shares of the technology company's stock worth $7,239,000 after buying an additional 32,074 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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).