Dell Technologies’ (DELL) “Outperform” Rating Reiterated at Evercore ISI

Dell Technologies (NYSE:DELL)‘s stock had its “outperform” rating reaffirmed by Evercore ISI in a research note issued to investors on Monday, Benzinga reports. They presently have a $165.00 target price on the technology company’s stock. Evercore ISI’s price objective would suggest a potential upside of 15.99% from the stock’s current price.

DELL has been the topic of a number of other reports. JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Sanford C. Bernstein raised their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Bank of America upped their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Loop Capital lifted their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, Barclays decreased their target price on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.81.

Dell Technologies Stock Performance

Dell Technologies stock traded up $4.34 during mid-day trading on Monday, reaching $142.25. The company’s stock had a trading volume of 7,506,838 shares, compared to its average volume of 10,027,827. The firm’s fifty day moving average price is $138.43 and its two-hundred day moving average price is $110.55. Dell Technologies has a 12-month low of $52.05 and a 12-month high of $179.70. The company has a market capitalization of $100.90 billion, a P/E ratio of 29.03, a PEG ratio of 1.71 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a negative return on equity of 173.72% and a net margin of 4.00%. On average, research analysts predict that Dell Technologies will post 6.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 389,189 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $158.79, for a total transaction of $61,799,321.31. Following the completion of the sale, the director now owns 731,612 shares of the company’s stock, valued at approximately $116,172,669.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William F. Scannell sold 106,483 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares in the company, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Insiders have sold a total of 6,246,728 shares of company stock worth $842,917,457 in the last 90 days. 46.70% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

A number of institutional investors have recently modified their holdings of DELL. Rhumbline Advisers grew its position in shares of Dell Technologies by 11.3% in the 3rd quarter. Rhumbline Advisers now owns 30,081 shares of the technology company’s stock worth $2,073,000 after buying an additional 3,052 shares during the last quarter. LPL Financial LLC raised its holdings in Dell Technologies by 12.4% in the 3rd quarter. LPL Financial LLC now owns 104,948 shares of the technology company’s stock worth $7,231,000 after purchasing an additional 11,564 shares in the last quarter. Treasurer of the State of North Carolina purchased a new stake in shares of Dell Technologies in the 3rd quarter worth about $213,000. Bank of Nova Scotia boosted its stake in shares of Dell Technologies by 15.1% during the 3rd quarter. Bank of Nova Scotia now owns 7,718 shares of the technology company’s stock valued at $532,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Dell Technologies by 3,134.7% during the third quarter. Lazard Asset Management LLC now owns 159,957 shares of the technology company’s stock valued at $11,020,000 after buying an additional 155,012 shares during the period. 38.10% 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).