Dell (NASDAQ:DELL) Stock Rating Lowered by Zacks Investment Research

Dell (NASDAQ:DELL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. DSG segment includes systems management, security software solutions and information management software offerings. Dell Technologies Inc. is headquartered in Round Rock, Texas. “

Several other analysts also recently issued reports on the company. Morgan Stanley lowered their price target on Dell from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, May 31st. JPMorgan Chase & Co. increased their price target on Dell from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Credit Suisse Group started coverage on shares of Dell in a research report on Thursday, April 11th. They issued a “neutral” rating and a $65.00 price objective for the company. Wells Fargo & Co started coverage on shares of Dell in a research report on Monday. They issued an “outperform” rating and a $68.00 price objective for the company. Finally, Evercore ISI started coverage on shares of Dell in a research report on Wednesday, June 5th. They issued an “outperform” rating and a $75.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.27.

Shares of NASDAQ DELL opened at $57.69 on Wednesday. Dell has a 12-month low of $42.02 and a 12-month high of $70.55. The firm has a market cap of $41.39 billion, a P/E ratio of 9.35 and a beta of 0.47. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 2.81. The firm has a fifty day moving average of $53.79.

Dell (NASDAQ:DELL) last announced its quarterly earnings results on Thursday, May 30th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.30. Dell had a positive return on equity of 31.57% and a negative net margin of 2.84%. The firm had revenue of $21.91 billion during the quarter, compared to the consensus estimate of $22.24 billion. Dell’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities analysts predict that Dell will post 6.23 earnings per share for the current fiscal year.

In other Dell news, insider Karen H. Quintos sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $51.01, for a total value of $7,651,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Marius Haas sold 167,275 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $55.50, for a total transaction of $9,283,762.50. The disclosure for this sale can be found here. Insiders sold 1,441,477 shares of company stock worth $75,859,006 in the last three months. 46.00% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Hanson McClain Inc. increased its stake in shares of Dell by 823.4% in the first quarter. Hanson McClain Inc. now owns 434 shares of the technology company’s stock valued at $25,000 after purchasing an additional 387 shares during the period. Baystate Wealth Management LLC acquired a new stake in shares of Dell in the first quarter valued at approximately $29,000. Trustcore Financial Services LLC acquired a new stake in shares of Dell in the first quarter valued at approximately $26,000. Israel Discount Bank of New York acquired a new stake in shares of Dell in the first quarter valued at approximately $27,000. Finally, Kistler Tiffany Companies LLC acquired a new stake in shares of Dell in the first quarter valued at approximately $28,000. Institutional investors own 22.92% of the company’s stock.

About Dell

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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