Shares of Dell Inc. (NASDAQ:DELL) have been assigned an average recommendation of “Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $66.14.
Several research firms recently issued reports on DELL. Zacks Investment Research upgraded Dell from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. UBS Group boosted their price target on Dell from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. Deutsche Bank began coverage on Dell in a research report on Wednesday, June 19th. They set a “buy” rating and a $62.00 target price for the company. Credit Suisse Group began coverage on Dell in a research report on Thursday, April 11th. They set a “neutral” rating and a $65.00 target price for the company. Finally, Morgan Stanley cut their target price on Dell from $74.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st.
In other news, CFO Thomas W. Sweet sold 98,055 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $51.60, for a total transaction of $5,059,638.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jeffrey W. Clarke sold 303,753 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $52.28, for a total value of $15,880,206.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,024,439 shares of company stock valued at $53,367,213. Corporate insiders own 46.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Temasek Holdings Private Ltd acquired a new position in shares of Dell during the 4th quarter worth $888,545,000. BlackRock Inc. raised its holdings in shares of Dell by 49.3% during the 1st quarter. BlackRock Inc. now owns 13,060,216 shares of the technology company’s stock worth $766,504,000 after buying an additional 4,314,243 shares in the last quarter. Elliott Management Corp acquired a new position in shares of Dell during the 4th quarter worth $323,846,000. Canyon Capital Advisors LLC acquired a new position in shares of Dell during the 4th quarter worth $211,391,000. Finally, Geode Capital Management LLC acquired a new position in shares of Dell during the 4th quarter worth $88,862,000. 22.92% of the stock is owned by institutional investors.
DELL opened at $52.37 on Thursday. The firm has a fifty day moving average price of $57.52. The company has a market cap of $37.63 billion, a P/E ratio of 8.49 and a beta of 0.47. Dell has a 1 year low of $42.02 and a 1 year high of $70.55. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.90 and a quick ratio of 0.82.
Dell (NASDAQ:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.30. The business had revenue of $21.91 billion during the quarter, compared to the consensus estimate of $22.24 billion. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts predict that Dell will post 6.23 EPS for the current year.
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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