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

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

DELL has been the topic of several other reports. Morgan Stanley increased their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday. TD Cowen lifted their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday. Mizuho lifted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Citigroup boosted their price target on Dell Technologies from $105.00 to $128.00 and gave the company a "buy" rating in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Price Performance

DELL traded down $2.42 during trading on Friday, reaching $111.21. 19,189,102 shares of the company's stock were exchanged, compared to its average volume of 10,032,752. Dell Technologies has a 1 year low of $66.25 and a 1 year high of $161.52. The stock has a market capitalization of $77.61 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The company's fifty day simple moving average is $95.00 and its 200-day simple moving average is $107.27.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. Equities analysts forecast that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brunilda Rios sold 926 shares of the firm'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 owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their position. The disclosure for this sale can be found here. Insiders own 46.70% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DELL. Brighton Jones LLC lifted its stake in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after buying an additional 901 shares in the last quarter. Blue Trust Inc. lifted its stake in Dell Technologies by 47.4% in the 4th quarter. Blue Trust Inc. now owns 2,077 shares of the technology company's stock worth $246,000 after purchasing an additional 668 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Dell Technologies by 65.9% in the 4th quarter. Pacer Advisors Inc. now owns 35,453 shares of the technology company's stock worth $4,086,000 after purchasing an additional 14,081 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Dell Technologies by 17.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 4,388 shares of the technology company's stock worth $506,000 after purchasing an additional 653 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in shares of Dell Technologies in the 4th quarter worth about $1,115,000. Hedge funds and other 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).