JPMorgan Chase & Co. Issues Pessimistic Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from $150.00 to $108.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 29.42% from the stock’s previous close.

A number of other brokerages have also weighed in on DELL. Morgan Stanley decreased their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Barclays upped their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. The Goldman Sachs Group cut their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Finally, UBS Group lowered their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.41.

Dell Technologies Price Performance

NYSE:DELL opened at $83.45 on Thursday. The firm has a market capitalization of $58.23 billion, a P/E ratio of 14.74, a PEG ratio of 1.10 and a beta of 0.94. The company’s fifty day moving average price is $96.90 and its 200-day moving average price is $112.68. Dell Technologies has a 1-year low of $66.25 and a 1-year high of $179.70.

Insider Buying and Selling at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in Dell Technologies in the 4th quarter valued at $455,029,000. Vanguard Group Inc. raised its stake in shares of Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares in the last quarter. Michael & Susan Dell Foundation acquired a new position in shares of Dell Technologies during the 4th quarter worth about $265,052,000. Janus Henderson Group PLC increased its holdings in shares of Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company’s stock worth $348,814,000 after acquiring an additional 1,865,013 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after buying an additional 1,690,709 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

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).