Dell Technologies (NYSE:DELL) Given New $145.00 Price Target at JPMorgan Chase & Co.

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $125.00 to $145.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 17.01% from the stock's current price.

Other research analysts have also issued reports about the stock. Barclays raised their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. KeyCorp initiated coverage on Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. Raymond James Financial raised their target price on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Citigroup increased their price target on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $139.18.

Dell Technologies Stock Up 0.3%

Dell Technologies stock traded up $0.35 during trading hours on Thursday, reaching $123.92. 2,479,295 shares of the company's stock were exchanged, compared to its average volume of 8,540,238. The firm's 50 day simple moving average is $116.07 and its 200 day simple moving average is $105.82. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $147.66. The firm has a market capitalization of $84.13 billion, a PE ratio of 19.76, a PEG ratio of 1.16 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. Dell Technologies's quarterly revenue was up 5.1% on a year-over-year basis. Analysts anticipate that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the sale, the general counsel directly owned 79,928 shares in the company, valued at $8,697,764.96. This represents a 46.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the sale, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. This represents a 39.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,890,977 shares of company stock worth $1,570,158,191. 42.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently made changes to their positions in the stock. Archford Capital Strategies LLC bought a new stake in Dell Technologies in the second quarter worth $203,000. GC Wealth Management RIA LLC lifted its position in shares of Dell Technologies by 395.4% in the 2nd quarter. GC Wealth Management RIA LLC now owns 13,699 shares of the technology company's stock worth $1,679,000 after purchasing an additional 10,934 shares during the period. V Square Quantitative Management LLC grew its holdings in shares of Dell Technologies by 5.5% during the 2nd quarter. V Square Quantitative Management LLC now owns 2,460 shares of the technology company's stock worth $302,000 after acquiring an additional 128 shares during the period. Guyasuta Investment Advisors Inc. increased its position in Dell Technologies by 77.1% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 11,489 shares of the technology company's stock valued at $1,409,000 after buying an additional 5,001 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Dell Technologies by 11.9% in the 2nd quarter. Signaturefd LLC now owns 6,319 shares of the technology company's stock worth $775,000 after purchasing an additional 670 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

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).

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