JPMorgan Chase & Co. Boosts Dell Technologies (NYSE:DELL) Price Target to $155.00

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

Other analysts have also recently issued research reports about the stock. Morgan Stanley increased their price target on shares of Dell Technologies from $128.00 to $152.00 and gave the company an overweight rating in a research note on Wednesday, May 15th. The Goldman Sachs Group raised their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a buy rating in a report on Monday, March 4th. UBS Group raised their price target on shares of Dell Technologies from $113.00 to $141.00 and gave the stock a buy rating in a report on Friday, April 19th. Evercore ISI raised their price target on shares of Dell Technologies from $140.00 to $165.00 and gave the stock an outperform rating in a report on Thursday, May 16th. Finally, Wells Fargo & Company raised their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an overweight rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $122.00.

Dell Technologies Stock Up 0.3 %

DELL opened at $147.71 on Monday. Dell Technologies has a twelve month low of $44.45 and a twelve month high of $154.59. The company has a 50-day moving average price of $123.93 and a 200 day moving average price of $96.71. The company has a market cap of $105.43 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 1.83 and a beta of 0.87.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the company earned $1.55 EPS. Dell Technologies’s revenue was down 10.9% compared to the same quarter last year. As a group, sell-side analysts expect that Dell Technologies will post 6.61 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were given a dividend of $0.445 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, April 22nd. Dell Technologies’s payout ratio is 40.73%.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 1,944,641 shares of Dell Technologies stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the completion of the sale, the chief executive officer now directly owns 33,412,241 shares of the company’s stock, valued at approximately $3,634,917,698.39. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Michael S. Dell sold 1,944,641 shares of Dell Technologies stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the sale, the chief executive officer now directly owns 33,412,241 shares in the company, valued at approximately $3,634,917,698.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 on 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 owns 535,816 shares in the company, valued at $71,997,595.92. The disclosure for this sale can be found here. In the last three months, insiders sold 6,382,204 shares of company stock valued at $718,452,037. Insiders own 48.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DELL. Massmutual Trust Co. FSB ADV increased its stake in shares of Dell Technologies by 58.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after acquiring an additional 82 shares during the period. J.P. Marvel Investment Advisors LLC increased its stake in shares of Dell Technologies by 0.9% during the first quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after acquiring an additional 98 shares during the period. BSW Wealth Partners increased its stake in shares of Dell Technologies by 0.7% during the first quarter. BSW Wealth Partners now owns 16,765 shares of the technology company’s stock worth $1,913,000 after acquiring an additional 114 shares during the period. Ascent Group LLC increased its stake in shares of Dell Technologies by 1.6% during the first quarter. Ascent Group LLC now owns 7,820 shares of the technology company’s stock worth $892,000 after acquiring an additional 120 shares during the period. Finally, Greenleaf Trust increased its stake in shares of Dell Technologies by 1.2% during the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after acquiring an additional 122 shares during the period. 38.10% of the stock is currently owned by institutional investors and hedge funds.

About Dell Technologies

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).