Dell Technologies (NYSE:DELL) Price Target Lowered to $145.00 at The Goldman Sachs Group

Dell Technologies (NYSE:DELL - Get Free Report) had its target price lowered by equities research analysts at The Goldman Sachs Group from $165.00 to $145.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. The Goldman Sachs Group's price target would indicate a potential upside of 55.91% from the company's current price.

A number of other research analysts have also commented on the company. OTR Global raised Dell Technologies from a "negative" rating to a "positive" rating in a report on Wednesday, February 12th. UBS Group decreased their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Evercore ISI reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Finally, Melius Research upped their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a "buy" rating 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 stock. According to MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target of $141.24.

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Dell Technologies Price Performance

Dell Technologies stock traded down $4.25 during trading hours on Monday, hitting $93.00. The company had a trading volume of 8,530,347 shares, compared to its average volume of 8,860,742. Dell Technologies has a one year low of $86.93 and a one year high of $179.70. The firm has a market cap of $65.14 billion, a PE ratio of 16.43, a PEG ratio of 1.10 and a beta of 0.90. The firm has a 50-day moving average of $111.17 and a 200 day moving average of $118.04.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the sale, the director now directly owns 777,347 shares of the company's stock, valued at $97,386,032.16. This represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm'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 $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 sold a total of 929,407 shares of company stock valued at $113,411,626 over the last three months. Corporate insiders own 46.70% of the company's stock.

Hedge Funds Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DELL. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at about $25,000. Vision Financial Markets LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the 4th quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at about $28,000. Finally, True Wealth Design LLC boosted its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company's stock worth $31,000 after buying an additional 253 shares in the last quarter. 76.37% of the stock is currently 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).