Dell Technologies Inc. (NYSE:DELL)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $105.10 and last traded at $102.93, with a volume of 167287 shares changing hands. The stock had previously closed at $99.27.
DELL has been the subject of a number of recent analyst reports. Citigroup initiated coverage on shares of Dell Technologies in a research report on Friday, September 17th. They issued a “buy” rating for the company. OTR Global upgraded shares of Dell Technologies from a “mixed” rating to a “positive” rating in a research report on Thursday, August 5th. Evercore ISI assumed coverage on shares of Dell Technologies in a research report on Friday, August 20th. They set a “buy” rating and a $110.00 price target for the company. Raymond James lifted their price target on shares of Dell Technologies from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday. Finally, UBS Group lifted their price target on shares of Dell Technologies from $113.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, August 27th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Buy” and an average price target of $106.47.
The stock has a market capitalization of $79.48 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 3.74, a quick ratio of 0.71 and a current ratio of 0.79. The company has a 50-day moving average of $98.14 and a 200-day moving average of $97.15.
In other news, CFO Thomas W. Sweet sold 281,818 shares of the business’s stock in a transaction on Friday, September 10th. The shares were sold at an average price of $95.43, for a total transaction of $26,893,891.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas W. Sweet sold 200,000 shares of the business’s stock in a transaction on Monday, July 26th. The shares were sold at an average price of $96.56, for a total transaction of $19,312,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,958,955 shares of company stock valued at $193,691,190 over the last ninety days. 47.00% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp acquired a new position in shares of Dell Technologies during the 1st quarter valued at $27,000. JTC Employer Solutions Trusteee Ltd acquired a new position in shares of Dell Technologies during the 2nd quarter valued at $29,000. Highlander Capital Management LLC lifted its holdings in shares of Dell Technologies by 3,000.0% during the 2nd quarter. Highlander Capital Management LLC now owns 310 shares of the technology company’s stock valued at $31,000 after acquiring an additional 300 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Dell Technologies by 172.3% during the 1st quarter. Bessemer Group Inc. now owns 580 shares of the technology company’s stock valued at $51,000 after acquiring an additional 367 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators acquired a new position in shares of Dell Technologies during the 2nd quarter valued at $59,000. Institutional investors and hedge funds own 30.04% of the company’s stock.
About Dell Technologies (NYSE:DELL)
Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.
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