Dell Technologies (NYSE:DELL) Price Target Raised to $150.00

Dell Technologies (NYSE:DELL) had its price target increased by Raymond James from $144.00 to $150.00 in a report released on Friday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. Morgan Stanley upped their price target on Dell Technologies from $89.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. Citigroup raised their target price on shares of Dell Technologies from $105.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Mizuho raised their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. UBS Group decreased their target price on shares of Dell Technologies from $150.00 to $145.00 and set a “buy” rating for the company in a report on Friday. Finally, Barclays raised their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an “equal weight” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $111.21 on Friday. The stock has a market capitalization of $77.61 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies has a 1-year low of $66.25 and a 1-year high of $161.52. The company has a 50 day moving average price of $95.00 and a 200 day moving average price of $106.89.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. Dell Technologies’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 EPS. On average, sell-side analysts expect that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares of the company’s stock, valued at $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 42.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its stake in Dell Technologies by 12.9% in the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after acquiring an additional 3,470 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Dell Technologies by 163.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company’s stock valued at $1,909,000 after purchasing an additional 10,281 shares during the period. Jennison Associates LLC raised its position in shares of Dell Technologies by 3.2% in the fourth quarter. Jennison Associates LLC now owns 1,165,754 shares of the technology company’s stock valued at $134,341,000 after purchasing an additional 36,621 shares during the period. Vest Financial LLC raised its position in shares of Dell Technologies by 61.8% in the fourth quarter. Vest Financial LLC now owns 25,043 shares of the technology company’s stock valued at $2,886,000 after purchasing an additional 9,567 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Dell Technologies by 4.0% in the fourth quarter. Rhumbline Advisers now owns 635,264 shares of the technology company’s stock valued at $73,208,000 after purchasing an additional 24,205 shares during the period. 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).