Dell Technologies (NYSE:DELL) Price Target Increased to $155.00 by Analysts at JPMorgan Chase & Co.

Dell Technologies (NYSE:DELLFree Report) had its target price lifted by JPMorgan Chase & Co. from $125.00 to $155.00 in a report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley boosted their target price on Dell Technologies from $128.00 to $152.00 and gave the stock an overweight rating in a report on Wednesday, May 15th. Evercore ISI boosted their target price on Dell Technologies from $140.00 to $165.00 and gave the stock an outperform rating in a report on Thursday, May 16th. Barclays boosted their target price on Dell Technologies from $53.00 to $94.00 and gave the stock an underweight rating in a report on Friday, March 1st. TD Cowen lifted their price target 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, Wells Fargo & Company lifted their price target on Dell Technologies from $85.00 to $140.00 and gave the stock an overweight rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $122.00.

Check Out Our Latest Research Report on Dell Technologies

Dell Technologies Trading Up 4.0 %

Shares of NYSE DELL opened at $153.64 on Monday. Dell Technologies has a one year low of $44.45 and a one year high of $162.71. The firm has a market capitalization of $109.67 billion, a PE ratio of 35.16, a PEG ratio of 2.30 and a beta of 0.87. The business has a 50-day moving average price of $124.87 and a two-hundred day moving average price of $97.11.

Dell Technologies (NYSE:DELLGet Free Report) last announced its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.47. The business had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The firm’s revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 EPS. Research analysts anticipate that Dell Technologies will post 6.74 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 1.16%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio (DPR) is 40.73%.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 41,550 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the transaction, the chief executive officer now owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 sale, the general counsel now owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 41,550 shares of Dell Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $107.03, for a total value of $4,447,096.50. Following the completion of the sale, the chief executive officer now directly owns 36,389,719 shares in the company, valued at approximately $3,894,791,624.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,382,204 shares of company stock worth $718,452,037. Insiders own 48.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DELL. Vanguard Group Inc. boosted its stake in shares of Dell Technologies by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock worth $1,346,054,000 after acquiring an additional 647,192 shares during the period. Boston Partners raised its holdings in Dell Technologies by 2.1% in the 4th 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 raised its holdings in Dell Technologies by 59.6% in the 3rd 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 acquired a new position in Dell Technologies in the 1st quarter valued at $835,946,000. Finally, Morgan Stanley raised its holdings in Dell Technologies by 96.9% in the 3rd 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. Institutional investors and hedge funds own 38.10% of the company’s stock.

About Dell Technologies

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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).

Further Reading

Analyst Recommendations for Dell Technologies (NYSE:DELL)

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