Mizuho Begins Coverage on Dell Technologies (NYSE:DELL)

Mizuho started coverage on shares of Dell Technologies (NYSE:DELL) in a research report report published on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $135.00 target price on the technology company’s stock.

DELL has been the topic of a number of other research reports. Bank of America lifted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a buy rating in a report on Friday, August 30th. Loop Capital lifted their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the company a buy rating in a report on Tuesday, May 28th. TD Cowen decreased their price target on shares of Dell Technologies from $155.00 to $128.00 and set a hold rating on the stock in a report on Friday, August 30th. Citigroup lifted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a buy rating in a report on Friday, August 30th. Finally, Fox Advisors upgraded shares of Dell Technologies from an equal weight rating to an overweight rating in a report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $139.19.

Dell Technologies Stock Performance

DELL stock opened at $117.78 on Tuesday. The stock has a market capitalization of $83.54 billion, a P/E ratio of 24.04, a PEG ratio of 1.15 and a beta of 0.90. Dell Technologies has a one year low of $63.90 and a one year high of $179.70. The company has a 50 day moving average price of $111.74 and a two-hundred day moving average price of $124.29.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. Dell Technologies’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 EPS. Research analysts forecast that Dell Technologies will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dell Technologies news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now owns 20,190,781 shares in the company, valued at approximately $2,060,873,016.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the transaction, the director now owns 731,612 shares in the company, valued at approximately $107,400,641.60. The disclosure for this sale can be found here. Insiders have sold 7,297,857 shares of company stock worth $840,653,193 in the last quarter. 46.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently modified their holdings of DELL. Jones Financial Companies Lllp bought a new stake in shares of Dell Technologies in the 4th quarter worth about $25,000. Massmutual Trust Co. FSB ADV increased its position in shares of Dell Technologies by 58.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in shares of Dell Technologies in the 2nd quarter worth about $28,000. New Covenant Trust Company N.A. bought a new stake in shares of Dell Technologies in the 1st quarter worth about $30,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Dell Technologies during the 2nd quarter valued at about $33,000. Institutional investors own 38.10% 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).