Dell Technologies (NYSE:DELL) Given New $150.00 Price Target at Wells Fargo & Company

Dell Technologies (NYSE:DELL) had its price objective lowered by Wells Fargo & Company from $160.00 to $150.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 45.85% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Barclays raised their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. Citigroup cut their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Bank of America cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Dell Technologies Trading Down 4.6 %

Dell Technologies stock opened at $102.85 on Friday. Dell Technologies has a 12-month low of $86.93 and a 12-month high of $179.70. The stock has a market cap of $72.04 billion, a P/E ratio of 18.17, a PEG ratio of 1.10 and a beta of 0.90. The company has a 50-day moving average price of $112.57 and a 200 day moving average price of $118.30.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the completion of the transaction, the chief financial officer now owns 228,419 shares of the company’s stock, valued at $28,739,678.58. This represents a 3.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 937,407 shares of company stock worth $114,418,186 over the last 90 days. 46.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies in the fourth quarter worth approximately $1,272,000. iA Global Asset Management Inc. lifted its position in shares of Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after buying an additional 5,203 shares during the last quarter. National Pension Service lifted its position in shares of Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after buying an additional 50,304 shares during the last quarter. Sky Investment Group LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth approximately $1,687,000. Finally, Enclave Advisors LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth approximately $848,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

About Dell Technologies

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).