TD Cowen Increases Dell Technologies (NYSE:DELL) Price Target to $155.00

Dell Technologies (NYSE:DELLGet Free Report) had its price objective hoisted by TD Cowen from $105.00 to $155.00 in a report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the technology company’s stock. TD Cowen’s target price would indicate a potential upside of 11.06% from the stock’s previous close.

Several other analysts have also recently commented on DELL. JPMorgan Chase & Co. lifted their target price on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Bank of America lifted their target price on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI lifted their target price on shares of Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Sanford C. Bernstein lifted their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Finally, Loop Capital lifted their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

Check Out Our Latest Research Report on DELL

Dell Technologies Stock Performance

DELL stock opened at $139.56 on Friday. The stock has a market capitalization of $99.62 billion, a P/E ratio of 28.48, a PEG ratio of 2.16 and a beta of 0.87. Dell Technologies has a one year low of $44.45 and a one year high of $179.70. The company has a 50 day moving average price of $131.21 and a two-hundred day moving average price of $101.05.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now owns 535,816 shares in the company, valued at approximately $71,997,595.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dell Technologies news, insider Jennifer D. Saavedra sold 18,260 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the transaction, the insider now owns 206,961 shares in the company, valued at approximately $24,856,016.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the business’s 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 completion of the transaction, the director now owns 535,816 shares in the company, valued at approximately $71,997,595.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,382,204 shares of company stock worth $718,452,037. 46.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC increased its position in shares of Dell Technologies by 33.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 6,028 shares of the technology company’s stock worth $415,000 after purchasing an additional 1,498 shares during the last quarter. Illinois Municipal Retirement Fund bought a new stake in shares of Dell Technologies in the 3rd quarter worth about $766,000. Sigma Planning Corp bought a new stake in shares of Dell Technologies in the 3rd quarter worth about $209,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Dell Technologies by 20.9% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 110,383 shares of the technology company’s stock worth $7,605,000 after purchasing an additional 19,061 shares during the last quarter. Finally, abrdn plc bought a new stake in shares of Dell Technologies in the 3rd quarter worth about $227,000. Institutional investors and hedge funds own 38.10% of the company’s stock.

Dell Technologies Company Profile

(Get Free Report)

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).

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