Dell Technologies (NYSE:DELL) Stock Rating Lowered by Zacks Research

Dell Technologies (NYSE:DELL) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Citigroup increased their price objective on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Monday. Mizuho lifted their price target on Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. Finally, UBS Group lifted their target price on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.85.

Dell Technologies Stock Down 0.1%

DELL traded down $0.08 during trading hours on Tuesday, hitting $119.30. 5,119,719 shares of the company’s stock were exchanged, compared to its average volume of 7,166,786. Dell Technologies has a 1-year low of $66.25 and a 1-year high of $168.08. The stock’s 50-day moving average is $143.79 and its two-hundred day moving average is $129.29. The stock has a market cap of $80.21 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 0.84 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The company had revenue of $26.43 billion during the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, equities research analysts anticipate that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total transaction of $1,003,335.71. The disclosure for this sale is available in the SEC filing. Insiders sold 4,537,755 shares of company stock worth $642,644,973 over the last quarter. 42.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Winnow Wealth LLC acquired a new stake in shares of Dell Technologies in the 2nd quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dell Technologies during the first quarter worth approximately $26,000. Cheviot Value Management LLC bought a new position in shares of Dell Technologies in the first quarter valued at $27,000. Flaharty Asset Management LLC bought a new stake in shares of Dell Technologies during the first quarter worth about $27,000. Finally, Westside Investment Management Inc. lifted its position in Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. 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).