Dell Technologies (DELL) Receives a Hold from Barclays

In a report issued on February 24, Tim Long from Barclays maintained a Hold rating on Dell Technologies (DELLResearch Report), with a price target of $54.00. The company’s shares closed last Friday at $51.46.

According to TipRanks.com, Long is a 5-star analyst with an average return of 12.7% and a 63.1% success rate. Long covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Motorola Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dell Technologies with a $65.83 average price target, which is a 29.7% upside from current levels. In a report issued on February 25, Evercore ISI also assigned a Hold rating to the stock with a $60.00 price target.

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Based on Dell Technologies’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $28.39 billion and net profit of $3.84 billion. In comparison, last year the company earned revenue of $23.48 billion and had a net profit of $832 million.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DELL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Dell Technologies Inc. is a multinational information technology company which is engaged in providing hardware and software services solutions. The comapny, through its Client Solutions Group (CSG), sells desktops, notebooks, workstations, third-party software and peripherals. Meanwhile, it offers storage, networking and servers as well as attached software and peripherals through its Infrastructure Solutions Group (ISG). Under the VMware division, the company provides cloud management, compute, storage and availability, networking and security, and other end-user computing solutions.

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