Jefferies slashes price target on Dell Technologies Inc. [DELL] – find out why.

Dell Technologies Inc. [NYSE: DELL] loss -1.81% on the last trading session, reaching $39.07 price per share at the time. The company report on March 2, 2023 that Dell Technologies Announces Tom Sweet to Retire from the Company; Yvonne McGill Named CFO effective Q3 FY24.

Dell Technologies (NYSE: DELL) today announces on its Q4 fiscal 2023 earnings call that EVP, Chief Financial Officer Tom Sweet will retire from the company at the end of Q2 fiscal 2024. The company has named Yvonne McGill, currently corporate controller, its new CFO effective the start of Q3 fiscal 2024.

Mr. Sweet and Mrs. McGill will work together over the next two quarters to ensure a seamless transition. Click here – https://investors.delltechnologies.com/news-events/upcoming-events – for the transcript and replay of today’s earnings announcement.

Dell Technologies Inc. represents 728.00 million in outstanding shares, while the company has a total market value of $28.25 billion with the latest information. DELL stock price has been found in the range of $39.07 to $40.31.

If compared to the average trading volume of 3.29M shares, DELL reached a trading volume of 5324722 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Dell Technologies Inc. [DELL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DELL shares is $47.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DELL stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Dell Technologies Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 31, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on August 17, 2022, representing the official price target for Dell Technologies Inc. stock. Previously, the target price had yet another drop from $68 to $61, while Goldman kept a Neutral rating on DELL stock. On March 31, 2022, analysts decreased their price target for DELL shares from 66 to 60.

The Average True Range (ATR) for Dell Technologies Inc. is set at 1.17, with the Price to Sales ratio for DELL stock in the period of the last 12 months amounting to 0.28.

Trading performance analysis for DELL stock

Dell Technologies Inc. [DELL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.71. With this latest performance, DELL shares dropped by -7.90% in over the last four-week period, additionally plugging by 3.77% over the last 6 months – not to mention a drop of -25.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DELL stock in for the last two-week period is set at 31.84, with the RSI for the last a single of trading hit 21.18, and the three-weeks RSI is set at 38.31 for Dell Technologies Inc. [DELL]. The present Moving Average for the last 50 days of trading for this stock 40.97, while it was recorded at 40.02 for the last single week of trading, and 41.91 for the last 200 days.

Dell Technologies Inc. [DELL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Dell Technologies Inc. [DELL] shares currently have an operating margin of +5.64 and a Gross Margin at +23.12. Dell Technologies Inc.’s Net Margin is presently recorded at +2.39.

Dell Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

Dell Technologies Inc. [DELL]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DELL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dell Technologies Inc. go to 2.96%.

An analysis of insider ownership at Dell Technologies Inc. [DELL]

There are presently around $7,476 million, or 82.40% of DELL stock, in the hands of institutional investors. The top three institutional holders of DELL stocks are: BLACKROCK INC. with ownership of 20,573,498, which is approximately -1.666% of the company’s market cap and around 1.10% of the total institutional ownership; DODGE & COX, holding 19,217,959 shares of the stock with an approximate value of $750.85 million in DELL stocks shares; and VANGUARD GROUP INC, currently with $635.06 million in DELL stock with ownership of nearly -1.425% of the company’s market capitalization.

Positions in Dell Technologies Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 310 institutional holders increased their position in Dell Technologies Inc. [NYSE:DELL] by around 19,172,816 shares. Additionally, 278 investors decreased positions by around 20,539,405 shares, while 152 investors held positions by with 151,637,909 shares. The mentioned changes placed institutional holdings at 191,350,130 shares, according to the latest SEC report filing. DELL stock had 113 new institutional investments in for a total of 1,651,020 shares, while 64 institutional investors sold positions of 1,869,173 shares during the same period.