Dell Technologies (NYSE:DELL) Now Covered by KeyCorp

Analysts at KeyCorp started coverage on shares of Dell Technologies (NYSE:DELL) in a note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage set a “sector weight” rating on the technology company’s stock.

A number of other analysts have also commented on DELL. Loop Capital cut their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Mizuho raised their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, May 19th. UBS Group reduced their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. The Goldman Sachs Group lowered their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Finally, Morgan Stanley increased their price target on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Stock Down 0.1%

NYSE:DELL opened at $120.41 on Thursday. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $150.23. The stock’s 50-day simple moving average is $105.90 and its 200 day simple moving average is $105.09. The firm has a market capitalization of $81.74 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same period last year, the firm posted $1.27 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the transaction, the insider now directly owns 56,429 shares of the company’s stock, valued at $6,682,322.18. The trade was a 61.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company’s stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the sale, the director now owns 938,741 shares of the company’s stock, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,470,322 shares of company stock valued at $167,441,630. Corporate insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DELL. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies in the 4th quarter worth about $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies in the first quarter valued at about $25,000. Vision Financial Markets LLC bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Dell Technologies in the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 76.37% 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).