Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Dell Technologies (NYSE:DELL) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $165.00 to $170.00 in a report released on Monday,MarketScreener reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 33.80% from the stock’s current price.

A number of other analysts also recently weighed in on the company. TD Cowen lifted their price target on Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Cowen reissued a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. Daiwa Capital Markets boosted their target price on Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Evercore ISI set a $180.00 price target on Dell Technologies and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Finally, Zacks Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.35.

Dell Technologies Trading Down 5.0%

Dell Technologies stock opened at $127.05 on Monday. The stock has a market capitalization of $85.43 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.91 and a beta of 1.02. The stock has a 50 day moving average of $143.87 and a two-hundred day moving average of $128.95. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $168.08.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The firm had revenue of $26.43 billion during the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities analysts predict that Dell Technologies will post 6.93 earnings per share for the current year.

Insider Activity

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William D. Green sold 42,736 shares of Dell Technologies stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the sale, the director directly owned 47,619 shares in the company, valued at $7,619,040. This trade represents a 47.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,537,755 shares of company stock worth $642,644,973. Insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DELL. Winnow Wealth LLC bought a new position in Dell Technologies during the 2nd quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in Dell Technologies in the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $27,000. Flaharty Asset Management LLC acquired a new position in Dell Technologies during the 1st quarter valued at approximately $27,000. Finally, Westside Investment Management Inc. grew its stake in Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

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).