Dell Technologies (NYSE:DELL) Price Target Cut to $150.00 by Analysts at JPMorgan Chase & Co.

Dell Technologies (NYSE:DELL) had its price objective cut by JPMorgan Chase & Co. from $160.00 to $150.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other research analysts also recently issued reports on the company. Mizuho reduced their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Wells Fargo & Company boosted their price objective on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Melius Research lifted their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $147.47.

Dell Technologies Stock Performance

Dell Technologies stock opened at $111.46 on Tuesday. Dell Technologies has a 52 week low of $80.49 and a 52 week high of $179.70. The firm has a market cap of $78.07 billion, a P/E ratio of 19.69, a P/E/G ratio of 0.91 and a beta of 0.90. The business’s fifty day moving average is $114.20 and its two-hundred day moving average is $117.19.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The company’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts predict that Dell Technologies will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s dividend payout ratio is currently 31.45%.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares of the company’s stock, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in DELL. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Dell Technologies by 361.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,623 shares of the technology company’s stock valued at $311,000 after buying an additional 2,054 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Dell Technologies by 1,290.7% in the third quarter. Exchange Traded Concepts LLC now owns 5,076 shares of the technology company’s stock valued at $602,000 after acquiring an additional 4,711 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in Dell Technologies by 11.9% during the third quarter. Redhawk Wealth Advisors Inc. now owns 1,885 shares of the technology company’s stock worth $223,000 after acquiring an additional 200 shares in the last quarter. Wesbanco Bank Inc. grew its stake in Dell Technologies by 38.2% in the third quarter. Wesbanco Bank Inc. now owns 29,181 shares of the technology company’s stock valued at $3,459,000 after purchasing an additional 8,065 shares in the last quarter. Finally, Creative Planning increased its position in shares of Dell Technologies by 16.8% during the 3rd quarter. Creative Planning now owns 98,961 shares of the technology company’s stock worth $11,435,000 after purchasing an additional 14,217 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

About Dell Technologies

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).