Wells Fargo & Company Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective lifted by Wells Fargo & Company from $140.00 to $160.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Wells Fargo & Company's target price would indicate a potential upside of 17.60% from the company's current price.

DELL has been the topic of several other research reports. Citigroup raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Susquehanna started coverage on Dell Technologies in a report on Tuesday, September 10th. They set a "neutral" rating and a $120.00 price objective on the stock. UBS Group lowered their target price on Dell Technologies from $164.00 to $158.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Deutsche Bank Aktiengesellschaft started coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a "buy" rating and a $144.00 price objective for the company. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Dell Technologies in a research note on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $145.88.

Dell Technologies Trading Up 3.4 %

Shares of NYSE:DELL traded up $4.41 during midday trading on Monday, hitting $136.05. The company had a trading volume of 6,515,998 shares, compared to its average volume of 10,065,902. Dell Technologies has a 12 month low of $67.51 and a 12 month high of $179.70. The firm has a fifty day simple moving average of $123.63 and a 200 day simple moving average of $126.55. The stock has a market cap of $95.56 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period last year, the company posted $1.44 EPS. Dell Technologies's revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts forecast that Dell Technologies will post 6.92 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 1,839,959 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the completion of the sale, the chief executive officer now directly owns 18,350,822 shares in the company, valued at $1,957,665,690.96. This represents a 9.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,953,387 shares of company stock valued at $2,113,353,236. 46.70% of the stock is owned by insiders.

Institutional Trading of Dell Technologies

A number of institutional investors have recently made changes to their positions in the stock. Clean Yield Group purchased a new stake in Dell Technologies during the 3rd quarter valued at $25,000. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies in the second quarter worth about $28,000. New Covenant Trust Company N.A. purchased a new position in Dell Technologies during the 1st quarter valued at about $30,000. True Wealth Design LLC lifted its holdings 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 worth $31,000 after buying an additional 253 shares during the period. Finally, Nemes Rush Group LLC bought a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 38.10% 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).