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

Dell Technologies (NYSE:DELLFree Report) had its target price upped by JPMorgan Chase & Co. from $205.00 to $280.00 in a report released on Friday morning,MarketScreener reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial initiated coverage on shares of Dell Technologies in a report on Tuesday, March 31st. They issued a “hold” rating and a $170.00 price target on the stock. Evercore lifted their price target on shares of Dell Technologies from $205.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Daiwa Securities Group lifted their price target on shares of Dell Technologies from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Wall Street Zen raised shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Finally, Piper Sandler reduced their price objective on shares of Dell Technologies from $172.00 to $167.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.79.

Get Our Latest Stock Analysis on Dell Technologies

Dell Technologies Trading Down 2.2%

NYSE:DELL opened at $242.36 on Friday. The stock has a market capitalization of $156.50 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. The firm’s 50 day moving average is $188.45 and its 200 day moving average is $150.05. Dell Technologies has a 12 month low of $106.38 and a 12 month high of $263.99.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.36. The company had revenue of $33.38 billion for the quarter, compared to analysts’ expectations of $31.60 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. Dell Technologies’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 EPS. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Research analysts predict that Dell Technologies will post 11.9 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Tuesday, April 21st were paid a $0.63 dividend. The ex-dividend date was Tuesday, April 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.53. Dell Technologies’s dividend payout ratio (DPR) is presently 28.90%.

Insider Buying and Selling

In other Dell Technologies news, Director Ellen Jamison Kullman sold 150,346 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $145.13, for a total value of $21,819,714.98. Following the completion of the transaction, the director directly owned 65,662 shares of the company’s stock, valued at $9,529,526.06. This trade represents a 69.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 510,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total transaction of $74,883,300.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,571,688 shares of company stock valued at $576,654,105 over the last quarter. 42.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new position in Dell Technologies in the 4th quarter valued at $25,000. Rossby Financial LCC boosted its holdings in Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares during the period. Navalign LLC purchased a new position in Dell Technologies in the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. purchased a new position in Dell Technologies in the 4th quarter worth approximately $29,000. Finally, WealthCollab LLC raised its position in shares of Dell Technologies by 82.0% during the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

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About Dell Technologies

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Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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