The price of Dell Technologies Inc (NYSE:DELL) shares last traded on Wall Street rose 1.46% to $114.65.
DELL stock price is now 21.11% away from the 50-day moving average and 59.66% away from the 200-day moving average. The market capitalization of the company currently stands at $84.38B.
With the price target enhanced from $75 to $105, TD Cowen maintained Market Perform rating for Dell Technologies Inc (NYSE: DELL). On February 28, 2024, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $125, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, SLTA IV (GP), L.L.C., Director sold 1,019,203 shares of the company’s stock on Mar 21 ’24. The stock was sold for $112,177,649 at an average price of $110.06. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Director SLTA V (GP), L.L.C. sold 1,019,203 shares of the business’s stock. A total of $112,177,649 was realized by selling the stock at an average price of $110.06. A total of 66.67% of the company’s stock is owned by insiders.
During the past 12 months, Dell Technologies Inc has had a low of $37.56 and a high of $131.06. According to the stock market information, the enterprise value for the company is $100.46B, which is based on a 26.26 price-to-earnings ratio, a 32.42 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for DELL is $95.38 and a two-hundred day moving average price translates $72.14 for the stock.
The latest earnings results from Dell Technologies Inc (NYSE: DELL) was released for Feb, 2024. According to the Computer Hardware Company, earnings per share came in at $2.2, beating analysts’ expectations of $1.73 by 0.47. This compares to $0.87 EPS in the same period last year. The company reported revenue of $22.32 billion for the quarter, compared to $25.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.87 percent. For the current quarter, analysts expect DELL to generate $21.65B 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 modern and traditional storage solutions, including all-flash arrays, scale-out file, object platforms, hyper-converged infrastructure, and software-defined storage; and general-purpose and AI-optimized servers. This segment also offers networking products and services comprising wide area network infrastructure, data center and edge networking switches, and cables and optics that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; software and peripherals; and consulting, support, and deployment services. The CSG segment provides desktops, workstations, and notebooks; displays, docking stations, keyboards, mice, webcam, and audio devices; and third-party software and peripherals, as well as configuration, support and deployment, and extended warranty services. It is involved in 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 the resale of VMware products and services. The company serves enterprises, public institutions, and small and medium-sized businesses through its direct sales channel, value-added resellers, system integrators, distributors, and retailers. 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.
