Loop Capital Issues Pessimistic Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price objective cut by equities researchers at Loop Capital from $185.00 to $130.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Loop Capital’s target price suggests a potential upside of 37.99% from the stock’s current price.

A number of other brokerages also recently commented on DELL. TD Cowen reduced their target price on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday. Morgan Stanley decreased their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Mizuho reduced 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. Bank of America lowered their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Trading Down 1.4 %

Shares of NYSE:DELL traded down $1.35 on Tuesday, reaching $94.21. The company had a trading volume of 12,769,854 shares, compared to its average volume of 8,935,412. The firm has a market capitalization of $65.99 billion, a PE ratio of 16.64, a PEG ratio of 1.10 and a beta of 0.90. Dell Technologies has a 52-week low of $86.93 and a 52-week high of $179.70. The firm’s 50 day simple moving average is $112.10 and its 200-day simple moving average is $118.30.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 929,407 shares of company stock valued at $113,411,626. Company insiders own 46.70% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. State Street Corp grew its stake in Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after acquiring an additional 6,131,507 shares during the period. Capital World Investors increased its holdings in Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after acquiring an additional 72,271 shares in the last quarter. Geode Capital Management LLC raised its position in Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after acquiring an additional 552,213 shares during the period. Finally, Norges Bank purchased a new position in Dell Technologies during the fourth quarter valued at $455,029,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).