Dell Technologies Inc (NYSE:DELL) shares traded -1.29% lower at $72.94 on Wall Street last session.
In accordance with the data, 20 analysts cover Dell Technologies Inc (NYSE:DELL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $89.00 and a low of $53.00, we find $78.00. Given the previous closing price of $73.89, this indicates a potential upside of 5.56 percent. DELL stock price is now 5.82% away from the 50-day moving average and 38.65% away from the 200-day moving average. The market capitalization of the company currently stands at $52.77B.
It has been rated a hold by 4 analysts and a buy by 10. Brokers who have rated the stock have averaged $74.15 as their price target over the next twelve months.
With the price target enhanced from $50 to $80, Daiwa Securities Upgraded its rating from Neutral to Outperform for Dell Technologies Inc (NYSE: DELL).
In other news, Rothberg Richard J, General Counsel & Secretary sold 30,009 shares of the company’s stock on Sep 06. The stock was sold for $2,040,612 at an average price of $68.00. Upon completion of the transaction, the General Counsel & Secretary now directly owns 99,899 shares in the company, valued at $7.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, Co-Chief Operating Officer Whitten Anthony Charles sold 107,803 shares of the business’s stock. A total of $5,943,731 was realized by selling the stock at an average price of $55.14. This leaves the insider owning 650,198 shares of the company worth $47.43 million. Insiders disposed of 4,115,953 shares of company stock worth roughly $300.22 million over the past 1 year. A total of 65.59% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $35.96 and a high of $74.46. According to the stock market information, the enterprise value for the company is $72.40B, which is based on a 28.25 price-to-earnings ratio, a 35.76 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for DELL is $68.93 and a two-hundred day moving average price translates $52.61 for the stock.
The latest earnings results from Dell Technologies Inc (NYSE: DELL) was released for Aug, 2023. According to the Computer Hardware Company, earnings per share came in at $1.74, beating analysts’ expectations of $1.14 by 0.6. This compares to $0.67 EPS in the same period last year. The net profit margin was 2.04% and return on equity was 65.63% for DELL. The company reported revenue of $22.93 billion for the quarter, compared to $26.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.21 percent. For the current quarter, analysts expect DELL to generate $23.02B in revenue.
Dell Technologies Inc(DELL) 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). The ISG segment provides traditional and next-generation storage solutions, including all-flash arrays, scale-out file, object platforms, hyper-converged infrastructure, and software-defined storage; and rack, blade, tower, and hyperscale servers. This segment also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; attached software and peripherals; and support and deployment, configuration, and extended warranty services. The CSG segment provides desktops, workstations, and notebooks; displays, docking stations, and other electronics; and third-party software and peripherals, as well as support and deployment, configuration, and extended warranty services. The company is also involved in the provision of cybersecurity technology-driven security solutions to prevent security breaches, detect malicious activity, respond rapidly when a security breach occurs, and identify emerging threats; originating, collecting, and servicing customer financing arrangements; and infrastructure-as-a-service solutions, as well as in the resale of VMware products and services. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.