Dell Technologies (NYSE:DELL) PT Raised to $155.00 at JPMorgan Chase & Co.

Dell Technologies (NYSE:DELLGet Free Report) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $125.00 to $155.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 5.27% from the company’s current price.

A number of other analysts have also issued reports on DELL. TD Cowen boosted their target price on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. UBS Group boosted their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Loop Capital began coverage on shares of Dell Technologies in a research note on Wednesday, February 28th. They set a “buy” rating and a $125.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $85.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Evercore ISI boosted their target price on shares of Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $122.00.

Check Out Our Latest Stock Analysis on DELL

Dell Technologies Stock Up 1.2 %

NYSE DELL opened at $147.24 on Monday. The company has a fifty day moving average of $123.17 and a two-hundred day moving average of $96.35. The firm has a market capitalization of $105.10 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 1.88 and a beta of 0.87. Dell Technologies has a 52 week low of $44.45 and a 52 week high of $154.59.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, topping the consensus estimate of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. Dell Technologies’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 earnings per share. Equities research analysts anticipate that Dell Technologies will post 6.61 EPS for the current year.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $126.32, for a total value of $47,164,730.00. Following the transaction, the director now owns 408,694 shares in the company, valued at approximately $51,626,226.08. The sale was disclosed in a filing with the SEC, which is available through this link. In other Dell Technologies news, CEO Michael S. Dell sold 624,450 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total value of $74,809,110.00. Following the sale, the chief executive officer now owns 39,787,791 shares in the company, valued at approximately $4,766,577,361.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total value of $47,164,730.00. Following the completion of the sale, the director now owns 408,694 shares in the company, valued at approximately $51,626,226.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates lifted its position in shares of Dell Technologies by 27.2% during the 4th quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock valued at $20,936,000 after buying an additional 58,590 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Dell Technologies by 158.3% during the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock valued at $17,762,000 after buying an additional 142,337 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Dell Technologies by 171.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock valued at $1,253,000 after buying an additional 10,350 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Dell Technologies by 1,475.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock valued at $22,230,000 after buying an additional 272,144 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Dell Technologies by 13.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 81,380 shares of the technology company’s stock valued at $6,226,000 after purchasing an additional 9,538 shares during the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Company Profile

(Get Free Report)

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

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