Deutsche Bank Aktiengesellschaft Lowers Dell Technologies (NYSE:DELL) Price Target to $142.00

Dell Technologies (NYSE:DELL) had its target price cut by Deutsche Bank Aktiengesellschaft from $144.00 to $142.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 11.29% from the company’s previous close.

Several other research firms also recently weighed in on DELL. Barclays boosted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Wells Fargo & Company raised their target price on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Bank of America raised their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Mizuho dropped their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.06.

Dell Technologies Trading Up 2.6 %

NYSE DELL opened at $127.59 on Monday. The firm’s fifty day simple moving average is $127.41 and its two-hundred day simple moving average is $126.70. The firm has a market capitalization of $89.62 billion, a P/E ratio of 22.54, a P/E/G ratio of 1.34 and a beta of 0.89. Dell Technologies has a 12-month low of $67.51 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its 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 company had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 184.20% and a net margin of 4.36%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.62 EPS. As a group, sell-side analysts predict that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred 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 sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William F. Scannell sold 42,595 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total value of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. This trade represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,962,112 shares of company stock valued at $2,114,595,059. Insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Accordant Advisory Group Inc purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $28,000. Clean Yield Group acquired a new stake in Dell Technologies in the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new stake in Dell Technologies in the second quarter valued at approximately $33,000. Crewe Advisors LLC purchased a new position in shares of Dell Technologies during the second quarter worth $34,000. Finally, True Wealth Design LLC grew its stake in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares in the last quarter. Institutional investors and hedge funds 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).