Bank of America Increases Dell Technologies (NYSE:DELL) Price Target to $155.00

Dell Technologies (NYSE:DELL) had its target price hoisted by stock analysts at Bank of America from $150.00 to $155.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Bank of America‘s target price indicates a potential upside of 34.15% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Loop Capital raised their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Wells Fargo & Company lowered their price objective on Dell Technologies from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised their target price on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. TD Cowen dropped their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday. Finally, Morgan Stanley reduced their target price on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.88.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $115.54 on Friday. Dell Technologies has a 1 year low of $53.62 and a 1 year high of $179.70. The firm has a market capitalization of $81.95 billion, a PE ratio of 23.58, a P/E/G ratio of 1.34 and a beta of 0.92. The business’s 50 day moving average price is $120.21 and its 200-day moving average price is $122.22.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 EPS. As a group, analysts expect that Dell Technologies will post 6.85 earnings per share for the current year.

Insider Transactions at Dell Technologies

In related news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares in the company, valued at $15,462,517.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David W. Dorman sold 75,000 shares of Dell Technologies stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $135.26, for a total value of $10,144,500.00. Following the completion of the transaction, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the sale, the director now owns 806,352 shares in the company, valued at approximately $108,986,536.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,058,131 shares of company stock valued at $963,293,619. 46.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC lifted its position in shares of Dell Technologies by 1.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 5,959 shares of the technology company’s stock worth $822,000 after purchasing an additional 80 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after buying an additional 82 shares during the last quarter. J.P. Marvel Investment Advisors LLC lifted its holdings in Dell Technologies by 0.9% during the 1st quarter. J.P. Marvel Investment Advisors LLC now owns 10,887 shares of the technology company’s stock worth $1,242,000 after buying an additional 98 shares during the last quarter. Kathmere Capital Management LLC boosted its position in shares of Dell Technologies by 2.2% during the 2nd quarter. Kathmere Capital Management LLC now owns 4,607 shares of the technology company’s stock worth $635,000 after acquiring an additional 100 shares in the last quarter. Finally, Front Row Advisors LLC increased its holdings in shares of Dell Technologies by 35.8% in the 2nd quarter. Front Row Advisors LLC now owns 391 shares of the technology company’s stock valued at $54,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 38.10% 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).