Citigroup Lowers Dell Technologies (NYSE:DELL) Price Target to $105.00

Dell Technologies (NYSE:DELL) had its price objective decreased by analysts at Citigroup from $145.00 to $105.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective suggests a potential upside of 22.72% from the company’s previous close.

DELL has been the subject of a number of other research reports. Bank of America lowered their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Barclays increased their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. UBS Group dropped their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Wells Fargo & Company cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.88.

Dell Technologies Stock Up 0.4 %

Shares of NYSE DELL opened at $85.56 on Monday. The stock has a market capitalization of $59.71 billion, a PE ratio of 15.12, a P/E/G ratio of 1.10 and a beta of 0.94. The firm has a fifty day moving average of $97.36 and a 200-day moving average of $112.88. Dell Technologies has a 52-week low of $66.25 and a 52-week high of $179.70.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 46.70% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several large investors have recently added to or reduced their stakes in DELL. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $25,000. Vision Financial Markets LLC acquired a new position in Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth approximately $28,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Company Profile

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).