Zacks Investment Research Lowers Dell Technologies (NYSE: DELL) to Sell


Dell Technologies (NYSE: DELLGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Dell Technologies Inc. is a provider of information technology solutions. The company’s operating segment consists of Client Solutions, Enterprise Solutions Group and Dell Software Group. Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware. The ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. The DSG segment includes management systems, security software solutions and information management software offerings. Dell Technologies Inc. is headquartered in Round Rock, Texas. “

Several other equities analysts have also issued reports on the company. TheStreet lowered Dell Technologies from a “b” rating to a “c +” rating in a research note on Friday, February 25th. Evercore ISI raised Dell Technologies from an “in-line” rating to an “outperform” rating and set a $ 60.00 price objective on the stock in a report on Tuesday, March 8th. Barclays lifted their price objective on Dell Technologies from $ 53.00 to $ 54.00 and gave the company an “equal weight” rating in a report on Tuesday. Citigroup decreased their price objective on Dell Technologies from $ 70.00 to $ 65.00 and set a “buy” rating on the stock in a report on Monday, May 23rd. Finally, Bank of America lifted their price objective on Dell Technologies from $ 65.00 to $ 67.00 and gave the company a “buy” rating in a report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $ 71.14.

DELL traded up $ 0.73 on Wednesday, hitting $ 50.67. 5,551,233 shares of the stock traded hands, compared to its average volume of 4,670,410. Dell Technologies has a 52 week low of $ 38.33 and a 52 week high of $ 61.54. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $ 38.53 billion, a PE ratio of 6.95, a P / E / G ratio of 0.75 and a beta of 0.90. The business has a fifty day moving average price of $ 47.35 and a two-hundred day moving average price of $ 53.13.

Dell Technologies (NYSE: DELLGet Rating) last issued its quarterly earnings results on Thursday, May 26th. The technology company reported $ 1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.39 by $ 0.45. Dell Technologies had a return on equity of 85.27% and a net margin of 5.29%. The firm had revenue of $ 26.12 billion for the quarter, compared to analyst estimates of $ 25.23 billion. During the same period in the previous year, the company posted $ 2.13 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts forecast that Dell Technologies will post 5.5 EPS for the current fiscal year.

In related news, insider William F. Scannell sold 124,718 shares of the business’s stock in a transaction that occurred on Thursday, March 24th. The shares were sold at an average price of $ 53.52, for a total value of $ 6,674,907.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brunilda Rios sold 5,789 shares of the business’s stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $ 48.00, for a total transaction of $ 277,872.00. Following the completion of the transaction, the chief accounting officer now owns 24,954 shares of the company’s stock, valued at approximately $ 1,197,792. The disclosure for this sale can be found here. Insiders sold a total of 327,907 shares of the company’s stock valued at $ 17,145,029 in the last 90 days. 47.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. Keybank National Association OH increased its position in shares of Dell Technologies by 5.1% in the 4th quarter. Keybank National Association OH now owns 3,841 shares of the company’s technology stock valued at $ 216,000 after buying an additional 187 shares in the last quarter. Xponance Inc. increased its position in shares of Dell Technologies by 1.4% in the 1st quarter. Xponance Inc. now owns 16,637 shares of the company’s technology stock valued at $ 835,000 after buying an additional 230 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of Dell Technologies by 3.2% in the 4th quarter. Wetherby Asset Management Inc. now owns 7,776 shares of the company’s technology stock valued at $ 437,000 after buying an additional 238 shares in the last quarter. CVA Family Office LLC increased its position in shares of Dell Technologies by 68.8% in the 4th quarter. CVA Family Office LLC now owns 589 shares of the company’s technology stock valued at $ 33,000 after buying an additional 240 shares in the last quarter. Finally, CFO4Life Group LLC increased its position in shares of Dell Technologies by 2.3% in the 1st quarter. CFO4Life Group LLC now owns 12,150 shares of the company’s technology stock valued at $ 610,000 after buying an additional 273 shares in the last quarter. Institutional investors own 30.05% of the company’s stock.

About Dell Technologies (Get Rating)

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

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