Cowen started coverage on shares of Dell (NYSE:DELL) in a report issued on Tuesday morning, The Fly reports. The firm issued a market perform rating and a $60.00 price objective on the technology company’s stock.
Several other equities analysts also recently weighed in on the stock. Goldman Sachs Group downgraded shares of Dell from a buy rating to a neutral rating and dropped their target price for the company from $77.00 to $42.00 in a report on Monday, April 13th. Raymond James dropped their target price on shares of Dell from $55.00 to $39.00 and set an outperform rating for the company in a report on Monday, April 6th. Nomura Securities dropped their target price on shares of Dell from $48.00 to $35.00 and set a neutral rating for the company in a report on Monday, March 23rd. Citigroup dropped their target price on shares of Dell from $65.00 to $40.00 and set a buy rating for the company in a report on Monday, March 16th. Finally, Nomura Instinet raised their price target on shares of Dell from $35.00 to $55.00 and gave the stock a neutral rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. Dell has an average rating of Hold and a consensus price target of $53.00.
Shares of DELL opened at $54.28 on Tuesday. The company has a 50-day simple moving average of $47.69 and a 200-day simple moving average of $45.62. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 14.92. The company has a market capitalization of $40.21 billion, a PE ratio of 8.63, a P/E/G ratio of 0.84 and a beta of 0.88. Dell has a 52-week low of $25.51 and a 52-week high of $59.17.
In related news, insider Karen H. Quintos sold 37,933 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $49.19, for a total value of $1,865,924.27. Following the sale, the insider now directly owns 68,201 shares of the company’s stock, valued at $3,354,807.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Howard D. Elias sold 16,004 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $50.00, for a total transaction of $800,200.00. Following the completion of the sale, the insider now directly owns 524,304 shares in the company, valued at $26,215,200. The disclosure for this sale can be found here. Insiders sold 97,774 shares of company stock worth $4,653,989 over the last three months. Corporate insiders own 48.30% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Verus Capital Partners LLC purchased a new position in Dell in the fourth quarter valued at approximately $34,000. Key Financial Inc purchased a new position in Dell in the first quarter valued at approximately $31,000. tru Independence LLC raised its holdings in Dell by 746.0% in the first quarter. tru Independence LLC now owns 846 shares of the technology company’s stock valued at $34,000 after buying an additional 746 shares during the period. Bainco International Investors purchased a new position in Dell in the first quarter valued at approximately $40,000. Finally, Engrave Wealth Partners LLC bought a new stake in shares of Dell in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 24.91% of the company’s stock.
Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.
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