Dell (NASDAQ:DELL) had its price objective trimmed by Deutsche Bank from $62.00 to $60.00 in a research note released on Monday morning, The Fly reports. The firm currently has a buy rating on the technology company’s stock.
A number of other analysts have also weighed in on DELL. Raymond James reiterated an outperform rating and set a $69.00 target price (down from $74.00) on shares of Dell in a report on Friday, May 31st. Morgan Stanley dropped their target price on shares of Dell from $74.00 to $70.00 and set an equal weight rating for the company in a report on Friday, May 31st. JPMorgan Chase & Co. increased their target price on shares of Dell from $77.00 to $80.00 and gave the stock an overweight rating in a report on Tuesday, June 25th. Barclays started coverage on shares of Dell in a report on Wednesday, August 7th. They set an equal weight rating and a $53.00 target price for the company. Finally, Wells Fargo & Co started coverage on shares of Dell in a report on Monday, July 29th. They set an outperform rating and a $68.00 target price for the company. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Dell currently has a consensus rating of Buy and an average target price of $63.63.
NASDAQ DELL opened at $48.98 on Monday. The company has a 50-day simple moving average of $52.77 and a two-hundred day simple moving average of $57.48. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 2.81. Dell has a 12-month low of $42.02 and a 12-month high of $70.55. The firm has a market cap of $34.80 billion, a price-to-earnings ratio of 7.94 and a beta of 0.47.
In related news, insider Howard D. Elias sold 7,702 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $46.74, for a total value of $359,991.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen H. Quintos sold 150,000 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $49.80, for a total transaction of $7,470,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,599,179 shares of company stock valued at $83,688,997. 46.00% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Hanson McClain Inc. increased its stake in shares of Dell by 823.4% during the first quarter. Hanson McClain Inc. now owns 434 shares of the technology company’s stock valued at $25,000 after purchasing an additional 387 shares in the last quarter. Trustcore Financial Services LLC bought a new position in shares of Dell during the first quarter valued at approximately $26,000. Israel Discount Bank of New York bought a new position in shares of Dell during the first quarter valued at approximately $27,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in shares of Dell during the first quarter valued at approximately $27,000. Finally, Lindbrook Capital LLC bought a new position in shares of Dell during the first quarter valued at approximately $28,000. 22.92% of the stock is owned by institutional investors.
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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