Dell Technologies (NYSE:DELL) Stock Rating Upgraded by OTR Global

Dell Technologies (NYSE:DELL) was upgraded by analysts at OTR Global from a “negative” rating to a “positive” rating in a research report issued on Wednesday, MarketBeat Ratings reports.

Other equities research analysts also recently issued research reports about the company. Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Wells Fargo & Company raised their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Mizuho lowered their price target 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. Finally, Morgan Stanley raised their price target on Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $145.94.

Dell Technologies Stock Performance

Shares of DELL stock opened at $110.31 on Wednesday. Dell Technologies has a 52-week low of $80.49 and a 52-week high of $179.70. The company has a market capitalization of $77.27 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90. The business’s fifty day moving average is $113.66 and its 200 day moving average is $117.15.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company had revenue of $24.37 billion for the quarter, compared to the consensus estimate of $24.67 billion. During the same quarter last year, the business posted $1.62 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Dell Technologies will post 6.92 EPS for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 945,407 shares of company stock valued at $115,564,106. 46.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Dell Technologies by 10.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 326,251 shares of the technology company’s stock valued at $37,569,000 after purchasing an additional 30,863 shares during the last quarter. Advent Capital Management DE purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $2,881,000. NewEdge Advisors LLC lifted its holdings in shares of Dell Technologies by 25.2% during the fourth quarter. NewEdge Advisors LLC now owns 48,600 shares of the technology company’s stock valued at $5,601,000 after purchasing an additional 9,775 shares during the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of Dell Technologies by 10.8% during the fourth quarter. United Capital Financial Advisors LLC now owns 4,988 shares of the technology company’s stock valued at $575,000 after purchasing an additional 486 shares during the last quarter. Finally, Portolan Capital Management LLC lifted its holdings in shares of Dell Technologies by 366.8% during the fourth quarter. Portolan Capital Management LLC now owns 87,822 shares of the technology company’s stock valued at $10,121,000 after purchasing an additional 69,007 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

About Dell Technologies

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).