Evercore ISI Cuts Dell Technologies (NYSE:DELL) Price Target to $120.00

Dell Technologies (NYSE:DELL - Get Free Report) had its target price lowered by stock analysts at Evercore ISI from $145.00 to $120.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Evercore ISI's price target points to a potential upside of 25.92% from the company's previous close.

Several other research firms have also issued reports on DELL. Morgan Stanley decreased their price target on shares of Dell Technologies from $154.00 to $128.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. UBS Group lowered their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. OTR Global upgraded Dell Technologies from a "negative" rating to a "positive" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on Dell Technologies from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Finally, Loop Capital reduced their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $134.65.

Dell Technologies Trading Up 0.4 %

DELL traded up $0.41 during midday trading on Monday, reaching $95.30. The company's stock had a trading volume of 401,646 shares, compared to its average volume of 8,613,724. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $179.70. The stock has a market cap of $66.50 billion, a P/E ratio of 16.84, a PEG ratio of 1.10 and a beta of 0.94. The company has a fifty day simple moving average of $93.29 and a 200 day simple moving average of $111.07.

Insider Activity

In related news, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 46.70% of the stock is currently owned by insiders.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock valued at $3,222,175,000 after buying an additional 2,662,407 shares during the last quarter. Capital World Investors raised its holdings in shares of Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after purchasing an additional 72,271 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after purchasing an additional 552,213 shares in the last quarter. Norges Bank acquired a new position in Dell Technologies during the fourth quarter worth $455,029,000. Finally, Northern Trust Corp increased its stake in Dell Technologies by 16.1% in the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after buying an additional 460,483 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

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).

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