Raymond James cuts its price target on Dell Technologies (NYSE:DELL) to $160.00

Dell Technologies (NYSE:DELL – Get Free Report) Its price objective was decreased by Raymond James from $166.00 to $160.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Raymond James’ price target indicates a potential upside of 38.48% from the stock’s previous close.

Other analysts have recently issued research reports on the company. JPMorgan Chase & Co. boosted their price objective on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. TD Cowen decreased their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday. Morgan Stanley cut their price objective on shares of Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Thursday. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a report on Wednesday. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and a consensus price target of $132.88, according to MarketBeat.com.

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Dell Technologies Price Performance

DELL opened at $115.54 on Friday. The firm has a market cap of $81.95 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The company’s 50-day moving average is $120.21, and its two-hundred-day moving average is $122.22. Dell Technologies has a 1 year low of $53.62 and a 1 year high of $179.70.

Dell Technologies (NYSE:DELL – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. Dell Technologies’ revenue rose 9.1% year over year. In the same quarter last year, the business posted EPS of $1.44. As a group, sell-side analysts expect that Dell Technologies will post 6.85 EPS for the current year.

Indoor activity

In related news, CEO Michael S. Dell sold 139,419 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the sale, the chief executive officer now directly owns 30,272,822 shares of the company’s stock, valued at $4,122,552,899.96. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In other Dell Technologies news, CEO Michael S. Dell sold 139,419 shares of Dell Technologies stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the completion of the transaction, the chief executive officer now owns 30,272,822 shares of the company’s stock, valued at $4,122,552,899.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Also, Director David W. Dorman sold 75,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the sale, the director now directly owns 114,317 shares in the company, valued at $15,462,517.42. The disclosure for this sale can be found here. Insiders sold a total of 7,058,131 shares of company stock valued at $963,293,619 in the last quarter. 46.70% of the shares are currently owned by company insiders.

Institutional inputs and outputs

A number of hedge funds and other institutional investors have recently made changes to their positions in DELL. Jones Financial Companies Lllp purchased a new position in Dell Technologies in the fourth quarter valued at $25,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies in the second quarter valued at about $28,000. New Covenant Trust Company NA purchased a new position in Dell Technologies in the first quarter valued at about $30,000. Finally, Nemes Rush Group LLC purchased a new stake in Dell Technologies during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 38.10% of the company’s shares.

Dell Technologies Company Profile

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Dell Technologies Inc designs, develops, manufactures, markets, sells and supports various complete 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).

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