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

Dell Technologies (NYSE:DELL - Get Free Report) had its price target increased by equities researchers at JPMorgan Chase & Co. from $111.00 to $125.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 12.40% from the stock's current price.

Several other equities analysts also recently commented on the stock. Raymond James boosted their price target on shares of Dell Technologies from $139.00 to $144.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. Wells Fargo & Company lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. TD Cowen boosted their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday. Barclays boosted their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Finally, Morgan Stanley boosted their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Trading Down 2.1%

Dell Technologies stock traded down $2.42 during trading on Friday, hitting $111.21. The company had a trading volume of 19,189,102 shares, 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 company's 50 day simple moving average is $95.00 and its 200-day simple moving average is $107.27. The stock has a market cap of $77.61 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results 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 company had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm'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, analysts forecast that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new position in Dell Technologies during the fourth quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies during the first quarter valued at approximately $26,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Company Profile

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).