UBS Group Issues Pessimistic Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price objective cut by stock analysts at UBS Group from $158.00 to $150.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 48.77% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. TD Cowen reduced their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Mizuho cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Finally, Citigroup decreased their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.47.

Dell Technologies Price Performance

Shares of DELL traded down $7.00 on Friday, reaching $100.83. The company’s stock had a trading volume of 14,947,395 shares, compared to its average volume of 8,586,860. Dell Technologies has a 12-month low of $86.93 and a 12-month high of $179.70. The stock has a market capitalization of $70.62 billion, a P/E ratio of 17.81, a PEG ratio of 1.10 and a beta of 0.90. The stock’s 50 day simple moving average is $112.83 and its two-hundred day simple moving average is $118.12.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $24.37 billion during the quarter, compared to analysts’ expectations of $24.67 billion. During the same quarter last year, the business posted $1.62 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts expect that Dell Technologies will post 6.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Wednesday, January 22nd. 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 in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the sale, the director now directly owns 777,347 shares in the company, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 937,407 shares of company stock worth $114,418,186 over the last ninety days. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

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

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).