Dell (NYSE:DELL) had its price target hoisted by investment analysts at Deutsche Bank from $55.00 to $60.00 in a research note issued to investors on Monday, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. Deutsche Bank’s target price indicates a potential upside of 9.21% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other research analysts also recently weighed in on DELL. Sanford C. Bernstein lowered their target price on Dell from $60.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, April 13th. Nomura restated a “neutral” rating and issued a $50.00 price target (up previously from $35.00) on shares of Dell in a research report on Friday, May 29th. Wells Fargo & Co upped their price target on Dell from $57.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Citigroup reduced their price target on Dell from $65.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Finally, Bank of America restated a “buy” rating and issued a $60.00 price target on shares of Dell in a research report on Wednesday, June 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. Dell currently has an average rating of “Hold” and a consensus target price of $53.00.
DELL stock opened at $54.94 on Monday. Dell has a fifty-two week low of $25.51 and a fifty-two week high of $59.17. The business’s 50-day moving average is $47.21 and its two-hundred day moving average is $45.55. The company has a debt-to-equity ratio of 14.92, a quick ratio of 0.75 and a current ratio of 0.82. The company has a market cap of $39.83 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 0.81 and a beta of 0.87.
Dell (NYSE:DELL) last posted its earnings results on Thursday, May 28th. The technology company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.33. Dell had a return on equity of 141.86% and a net margin of 5.13%. The company had revenue of $21.90 billion for the quarter, compared to the consensus estimate of $20.65 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. Dell’s revenue was up .0% on a year-over-year basis. Equities analysts predict that Dell will post 5.4 earnings per share for the current year.
In other Dell news, CFO Thomas W. Sweet sold 3,038 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $50.00, for a total transaction of $151,900.00. Following the completion of the transaction, the chief financial officer now owns 78,207 shares in the company, valued at approximately $3,910,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen H. Quintos sold 37,933 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $49.19, for a total value of $1,865,924.27. Following the transaction, the insider now owns 68,201 shares of the company’s stock, valued at approximately $3,354,807.19. The disclosure for this sale can be found here. Insiders have sold a total of 97,774 shares of company stock valued at $4,653,989 in the last 90 days. 48.30% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atria Investments LLC grew its holdings in Dell by 11.1% during the 4th quarter. Atria Investments LLC now owns 12,768 shares of the technology company’s stock valued at $656,000 after buying an additional 1,279 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Dell by 5.6% in the 4th quarter. Amalgamated Bank now owns 23,346 shares of the technology company’s stock valued at $1,200,000 after purchasing an additional 1,238 shares during the last quarter. Alberta Investment Management Corp lifted its stake in shares of Dell by 24.1% in the 4th quarter. Alberta Investment Management Corp now owns 317,075 shares of the technology company’s stock valued at $16,294,000 after purchasing an additional 61,594 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Dell by 7.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 19,612 shares of the technology company’s stock valued at $1,008,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of Dell by 34.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 107,230 shares of the technology company’s stock valued at $5,510,000 after purchasing an additional 27,349 shares during the last quarter. Institutional investors and hedge funds own 24.91% of the company’s stock.
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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