JPMorgan Chase & Co. Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL - Get Free Report) had its price target upped by investment analysts at JPMorgan Chase & Co. from $111.00 to $125.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 15.77% from the company's previous close.

Other research analysts also recently issued reports about the company. UBS Group decreased their price target on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, February 28th. OTR Global raised shares of Dell Technologies from a "negative" rating to a "positive" rating in a research note on Wednesday, February 12th. Loop Capital dropped their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Bank of America lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Trading Down 3.0%

Shares of NYSE DELL traded down $3.29 during midday trading on Friday, reaching $107.98. The company's stock had a trading volume of 8,086,877 shares, compared to its average volume of 9,799,556. Dell Technologies has a fifty-two week low of $66.25 and a fifty-two week high of $161.52. The stock has a 50 day simple moving average of $95.00 and a 200-day simple moving average of $106.89. The stock has a market capitalization of $75.35 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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 business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.27 earnings per share. As a group, equities analysts anticipate that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling

In other news, CAO Brunilda Rios sold 926 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 37,948 shares of the company's stock, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the completion of the transaction, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their position. The disclosure for this sale can be found here. 42.00% of the stock is currently owned by company insiders.

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in DELL. Brighton Jones LLC lifted its stake in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after purchasing an additional 901 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Dell Technologies by 47.4% during the 4th quarter. Blue Trust Inc. now owns 2,077 shares of the technology company's stock worth $246,000 after buying an additional 668 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Dell Technologies by 65.9% in the fourth quarter. Pacer Advisors Inc. now owns 35,453 shares of the technology company's stock valued at $4,086,000 after buying an additional 14,081 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in Dell Technologies by 17.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 4,388 shares of the technology company's stock worth $506,000 after acquiring an additional 653 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Dell Technologies in the fourth quarter worth about $1,115,000. Institutional investors own 76.37% of the company's stock.

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).