Dell Technologies (NYSE:DELL) Given New $150.00 Price Target at JPMorgan Chase & Co.

Dell Technologies (NYSE:DELL) had its target price cut by research analysts at JPMorgan Chase & Co. from $160.00 to $150.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 34.31% from the stock’s previous close.

DELL has been the subject of a number of other reports. Barclays raised their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Citigroup decreased their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Mizuho lowered their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company increased their price target on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $147.47.

Dell Technologies Stock Down 0.6 %

NYSE:DELL opened at $111.68 on Tuesday. Dell Technologies has a 52 week low of $80.49 and a 52 week high of $179.70. The business’s 50-day simple moving average is $114.20 and its two-hundred day simple moving average is $117.19. The stock has a market cap of $78.23 billion, a PE ratio of 19.69, a P/E/G ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 EPS. Sell-side analysts anticipate that Dell Technologies will post 6.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the sale, the chief financial officer now owns 236,419 shares of the company’s stock, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 946,132 shares of company stock worth $115,660,009. 46.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal London Asset Management Ltd. lifted its position in Dell Technologies by 36.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 115,409 shares of the technology company’s stock valued at $13,300,000 after purchasing an additional 30,675 shares during the period. Generali Investments Management Co LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $127,000. GM Advisory Group LLC boosted its stake in shares of Dell Technologies by 31.1% in the fourth quarter. GM Advisory Group LLC now owns 4,027 shares of the technology company’s stock worth $464,000 after buying an additional 955 shares during the last quarter. Investment House LLC grew its holdings in Dell Technologies by 12.7% during the fourth quarter. Investment House LLC now owns 129,551 shares of the technology company’s stock worth $14,929,000 after acquiring an additional 14,623 shares during the period. Finally, Xponance Inc. boosted its position in Dell Technologies by 11.3% in the 4th quarter. Xponance Inc. now owns 47,157 shares of the technology company’s stock worth $5,434,000 after purchasing an additional 4,779 shares in the last quarter. Institutional investors and hedge funds 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).