Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Barclays Analyst Says

Dell Technologies (NYSE:DELL) had its price objective upped by analysts at Barclays from $115.00 to $116.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target suggests a potential upside of 12.79% from the stock’s current price.

A number of other analysts have also issued reports on DELL. Citigroup decreased their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Melius Research boosted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Bank of America decreased their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.53.

Dell Technologies Stock Performance

NYSE:DELL opened at $102.85 on Friday. Dell Technologies has a 52-week low of $86.93 and a 52-week high of $179.70. The firm has a market cap of $72.04 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.10 and a beta of 0.90. The business’s fifty day moving average is $112.57 and its 200 day moving average is $118.30.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at $28,739,678.58. This represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the sale, the director now 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 disclosure for this sale can be found here. In the last three months, insiders sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors have recently bought and sold shares of DELL. Optimist Retirement Group LLC boosted its holdings in Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after acquiring an additional 463 shares during the period. abrdn plc boosted its holdings in Dell Technologies by 1,474.6% during the 3rd quarter. abrdn plc now owns 104,630 shares of the technology company’s stock valued at $12,360,000 after acquiring an additional 97,985 shares during the period. Diversify Advisory Services LLC raised its position in Dell Technologies by 24.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,428 shares of the technology company’s stock valued at $413,000 after purchasing an additional 684 shares during the last quarter. New York State Teachers Retirement System bought a new position in Dell Technologies during the 3rd quarter valued at approximately $29,033,000. Finally, First Trust Direct Indexing L.P. raised its position in Dell Technologies by 41.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,698 shares of the technology company’s stock valued at $557,000 after purchasing an additional 1,379 shares during 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).