Dell Technologies (NYSE:DELL) Price Target Cut to $150.00 by Analysts at Bank of America

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 target price points to a potential upside of 27.49% from the company's current price.

A number of other analysts have also recently weighed in on the stock. Citigroup dropped their target price on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. Barclays increased 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. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Morgan Stanley reduced 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. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $145.00.

Dell Technologies Stock Down 1.9 %

Shares of NYSE DELL traded down $2.23 during trading on Tuesday, reaching $117.66. 5,415,299 shares of the stock were exchanged, compared to its average volume of 8,284,425. The business's 50-day moving average price is $113.12 and its 200 day moving average price is $117.42. Dell Technologies has a twelve month low of $85.40 and a twelve month high of $179.70. The company has a market capitalization of $82.41 billion, a price-to-earnings 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 posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.32. The firm had revenue of $24.37 billion for the quarter, compared to analysts' expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.62 earnings per share. As a group, sell-side analysts expect that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction 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. This trade represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Monday, December 16th. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company's stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 937,407 shares of company stock valued at $114,418,186 over the last ninety days. 46.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the fourth quarter worth about $25,000. Vision Financial Markets LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the 4th quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at about $28,000. Finally, True Wealth Design LLC lifted its stake in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

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).