Zacks Investment Research upgraded shares of Dell (NYSE:DELL) from a hold rating to a buy rating in a research report sent to investors on Wednesday, Zacks.com reports. Zacks Investment Research currently has $66.00 price objective on the technology company’s stock.
According to Zacks, “Dell Technologies Inc. is a provider of information technology solutions. The company’s operating segment consists of Client Solutions, Enterprise Solutions Group and Dell Software Group. Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware. ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. DSG segment includes systems management, security software solutions and information management software offerings. Dell Technologies Inc. is headquartered in Round Rock, Texas. “
Other research analysts have also issued research reports about the company. Goldman Sachs Group lowered Dell from a buy rating to a neutral rating and cut their price objective for the stock from $77.00 to $42.00 in a report on Monday, April 13th. Morgan Stanley raised Dell from an equal weight rating to an overweight rating and boosted their price objective for the stock from $50.00 to $68.00 in a report on Thursday, July 16th. Bank of America reissued a buy rating and set a $60.00 price objective on shares of Dell in a report on Wednesday, June 24th. Nomura Instinet upped their target price on Dell from $35.00 to $55.00 and gave the stock a neutral rating in a research note on Friday, May 29th. Finally, ValuEngine lowered Dell from a sell rating to a strong sell rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $54.90.
Shares of NYSE DELL opened at $59.83 on Wednesday. Dell has a 12 month low of $25.51 and a 12 month high of $62.89. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 14.92. The firm has a market capitalization of $44.32 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.85 and a beta of 0.88. The business has a 50-day moving average of $53.88 and a 200-day moving average of $46.56.
Dell (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 28th. The technology company reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $20.65 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Dell’s revenue was up .0% on a year-over-year basis. On average, analysts predict that Dell will post 5.79 earnings per share for the current year.
In related news, CFO Thomas W. Sweet sold 3,038 shares of the company’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 $3,910,350. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Richard J. Rothberg sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $45.01, for a total value of $45,010.00. Following the transaction, the general counsel now owns 112,494 shares of the company’s stock, valued at approximately $5,063,354.94. The disclosure for this sale can be found here. Insiders sold 671,625 shares of company stock valued at $37,010,037 in the last quarter. Corporate insiders own 48.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in DELL. Key Financial Inc bought a new position in shares of Dell during the first quarter valued at approximately $31,000. Verus Capital Partners LLC bought a new position in shares of Dell during the fourth quarter valued at approximately $34,000. tru Independence LLC raised its holdings in Dell by 746.0% in the first quarter. tru Independence LLC now owns 846 shares of the technology company’s stock worth $34,000 after purchasing an additional 746 shares in the last quarter. Bainco International Investors bought a new position in Dell in the first quarter worth $40,000. Finally, Parallel Advisors LLC raised its holdings in Dell by 28.0% in the first quarter. Parallel Advisors LLC now owns 1,175 shares of the technology company’s stock worth $46,000 after purchasing an additional 257 shares in the last quarter. Institutional investors own 24.99% of the company’s stock.
Dell Company Profile
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.
Read More: 12b-1 Fees
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell and related companies with MarketBeat.com's FREE daily email newsletter.