Dell Technologies (NYSE:DELL) Price Target Raised to $155.00

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective increased by research analysts at Sanford C. Bernstein from $120.00 to $155.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an "outperform" rating on the technology company's stock. Sanford C. Bernstein's target price indicates a potential upside of 6.56% from the company's current price.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group increased their price objective on Dell Technologies from $87.00 to $129.00 and gave the company a "buy" rating in a report on Monday, March 4th. Wells Fargo & Company raised their price target on Dell Technologies from $85.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, March 1st. UBS Group raised their price target on Dell Technologies from $113.00 to $141.00 and gave the company a "buy" rating in a report on Friday, April 19th. TD Cowen increased their price objective on Dell Technologies from $75.00 to $105.00 and gave the stock a "market perform" rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. increased their price objective on Dell Technologies from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.25.

Dell Technologies Trading Down 2.7 %

NYSE DELL traded down $4.06 on Monday, hitting $145.46. 10,543,010 shares of the company were exchanged, compared to its average volume of 7,062,062. The company has a market cap of $103.83 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.88 and a beta of 0.87. The firm has a 50 day moving average of $122.50 and a two-hundred day moving average of $95.81. Dell Technologies has a 1-year low of $44.45 and a 1-year high of $154.59.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The business had revenue of $22.32 billion during the quarter, compared to analysts' expectations of $22.17 billion. During the same period in the prior year, the business earned $1.55 EPS. Dell Technologies's revenue for the quarter was down 10.9% compared to the same quarter last year. Research analysts anticipate that Dell Technologies will post 6.61 EPS for the current fiscal year.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the sale, the director now directly owns 535,816 shares of the company's stock, valued at $71,997,595.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares of the company's stock, valued at $11,544,846.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the completion of the sale, the director now owns 535,816 shares of the company's stock, valued at $71,997,595.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. 48.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company's stock valued at $1,346,054,000 after acquiring an additional 647,192 shares in the last quarter. Boston Partners increased its holdings in shares of Dell Technologies by 2.1% during the fourth quarter. Boston Partners now owns 9,575,882 shares of the technology company's stock valued at $733,564,000 after acquiring an additional 197,435 shares in the last quarter. FMR LLC increased its holdings in shares of Dell Technologies by 59.6% during the third quarter. FMR LLC now owns 9,376,674 shares of the technology company's stock valued at $646,053,000 after acquiring an additional 3,499,760 shares in the last quarter. Capital World Investors bought a new stake in shares of Dell Technologies during the first quarter valued at approximately $835,946,000. Finally, Morgan Stanley increased its holdings in shares of Dell Technologies by 96.9% during the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company's stock valued at $346,137,000 after acquiring an additional 2,472,866 shares in the last quarter. 38.10% of the stock is currently owned by 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).