Dell Technologies (NYSE:DELL) Given New $105.00 Price Target at Citigroup

Dell Technologies (NYSE:DELL) had its target price dropped by equities researchers at Citigroup from $145.00 to $105.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s price target suggests a potential upside of 23.21% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. TD Cowen dropped their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Loop Capital reduced their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Barclays upped 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 note on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $138.88.

Dell Technologies Stock Up 4.0 %

Shares of NYSE DELL traded up $3.29 on Monday, reaching $85.22. 12,342,628 shares of the company’s stock traded hands, compared to its average volume of 10,389,548. The business’s 50 day simple moving average is $98.16 and its two-hundred day simple moving average is $113.31. Dell Technologies has a 12 month low of $66.25 and a 12 month high of $179.70. The company has a market cap of $59.47 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the 4th quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the fourth quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $28,000. Finally, Versant Capital Management Inc grew its position in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 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).