JPMorgan Chase & Co. Issues Pessimistic Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its target price reduced by stock analysts at JPMorgan Chase & Co. from $150.00 to $108.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 27.27% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Barclays boosted their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. UBS Group lowered their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

Dell Technologies Stock Performance

Dell Technologies stock opened at $84.86 on Thursday. The stock has a fifty day moving average of $95.82 and a 200-day moving average of $112.25. The stock has a market capitalization of $59.22 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $179.70.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 46.70% of the company’s stock.

Institutional Trading of Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allen Capital Group LLC increased its position in shares of Dell Technologies by 3.3% during the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock worth $338,000 after acquiring an additional 95 shares in the last quarter. Brooklyn Investment Group boosted its stake in Dell Technologies by 18.7% during the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock valued at $70,000 after purchasing an additional 96 shares during the last quarter. Sunflower Bank N.A. raised its stake in shares of Dell Technologies by 3.1% in the fourth quarter. Sunflower Bank N.A. now owns 3,256 shares of the technology company’s stock worth $375,000 after purchasing an additional 98 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of Dell Technologies by 7.7% in the fourth quarter. Bogart Wealth LLC now owns 1,398 shares of the technology company’s stock valued at $161,000 after purchasing an additional 100 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of Dell Technologies by 23.0% during the fourth quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock valued at $62,000 after buying an additional 100 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Company Profile

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).