Does Dell Technologies Inc (NYSE:DELL) have deteriorating prospects?

Dell Technologies Inc (NYSE:DELL) shares traded 0.05% higher at $131.68 on Wall Street last session.

DELL stock price is now 11.33% away from the 50-day moving average and 59.32% away from the 200-day moving average. The market capitalization of the company currently stands at $93.99B.

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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, Rothberg Richard J, General Counsel & Secretary sold 93,954 shares of the company’s stock on Apr 08 ’24. The stock was sold for $12,491,184 at an average price of $132.95. Upon completion of the transaction, the General Counsel & Secretary now directly owns 86,836 shares in the company, valued at $11.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’24, Director SLTA IV (GP), L.L.C. sold 346,931 shares of the business’s stock. A total of $46,207,922 was realized by selling the stock at an average price of $133.19. This leaves the insider owning 152 shares of the company worth $20015.36. A total of 62.78% of the company’s stock is owned by insiders.

During the past 12 months, Dell Technologies Inc has had a low of $44.19 and a high of $136.16.

According to the Computer Hardware Company, earnings per share came in at 1.31, beating analysts’ expectations of 0.86 by 0.45. 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 $21.66B in revenue.

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