Dell Technologies (NYSE:DELL) Given New $150.00 Price Target at Raymond James

Dell Technologies (NYSE:DELL - Free Report) had its target price increased by Raymond James from $144.00 to $150.00 in a report issued on Friday,Benzinga reports. Raymond James currently has an outperform rating on the technology company's stock.

DELL has been the topic of several other research reports. 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. UBS Group cut their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday. Loop Capital dropped their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Barclays upped 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. Finally, Wells Fargo & Company dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded down $3.29 during trading on Friday, hitting $107.98. The stock had a trading volume of 8,086,877 shares, compared to its average volume of 9,799,562. The business has a fifty day moving average of $95.00 and a two-hundred day moving average of $106.89. The firm has a market cap of $75.35 billion, a P/E ratio of 19.08, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies has a fifty-two week low of $66.25 and a fifty-two week high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion for 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%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.27 EPS. As a group, research analysts forecast that Dell Technologies will post 6.93 earnings per share for the current year.

Insider Transactions at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm's 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 transaction, the chief financial officer now owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the business'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 transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 42.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. increased its position in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after buying an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation acquired a new position in shares of Dell Technologies during the fourth quarter worth approximately $265,052,000. Janus Henderson Group PLC grew its stake in shares of Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after acquiring an additional 1,865,013 shares during the last quarter. Finally, Boston Partners increased its position in Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after acquiring an additional 1,312,600 shares during the period. 76.37% of the stock is 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).