TD Cowen Cuts Dell Technologies (NYSE:DELL) Price Target to $120.00

Dell Technologies (NYSE:DELL) had its target price reduced by stock analysts at TD Cowen from $128.00 to $120.00 in a report issued on Friday,Briefing.com Automated Import reports. The brokerage presently has a “hold” rating on the technology company’s stock. TD Cowen’s target price points to a potential upside of 11.49% from the stock’s current price.

Several other analysts also recently issued reports on DELL. Deutsche Bank Aktiengesellschaft lowered their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Wells Fargo & Company raised their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Melius Research increased their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Citigroup reduced their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley cut their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $144.53.

Dell Technologies Price Performance

Dell Technologies stock opened at $107.63 on Friday. Dell Technologies has a 12 month low of $86.93 and a 12 month high of $179.70. The company has a market cap of $75.39 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The stock’s 50-day moving average is $112.83 and its 200-day moving average is $118.12.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The company had revenue of $24.37 billion during the quarter, compared to the consensus estimate of $24.67 billion. During the same period in the previous year, the firm earned $1.62 earnings per share. Dell Technologies’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts anticipate that Dell Technologies will post 6.93 EPS for the current year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intrepid Financial Planning Group LLC raised its stake in shares of Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after purchasing an additional 80 shares in the last quarter. Smithfield Trust Co increased its stake in Dell Technologies by 8.0% during the 3rd quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after buying an additional 84 shares during the period. Graypoint LLC boosted its holdings in shares of Dell Technologies by 4.3% in the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after acquiring an additional 86 shares in the last quarter. ASB Consultores LLC raised its holdings in Dell Technologies by 4.6% during the third quarter. ASB Consultores LLC now owns 1,987 shares of the technology company’s stock worth $236,000 after purchasing an additional 87 shares in the last quarter. Finally, Equitable Trust Co. lifted its holdings in shares of Dell Technologies by 3.1% in the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after buying an additional 88 shares during the period. 76.37% of the stock is owned by 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).