Dell Technologies (NYSE:DELL) Price Target Lowered to $128.00 at Morgan Stanley

Dell Technologies (NYSE:DELL) had its price objective lowered by Morgan Stanley from $154.00 to $128.00 in a research note published on Thursday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the technology company’s stock.

Other research analysts have also issued reports about the stock. Citigroup cut their target price on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. JPMorgan Chase & Co. cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday. Wells Fargo & Company raised their target price on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Melius Research raised their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Evercore ISI reissued an “outperform” rating and issued a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $145.94.

Dell Technologies Price Performance

Shares of DELL opened at $110.31 on Thursday. Dell Technologies has a 1 year low of $80.49 and a 1 year high of $179.70. The company has a 50 day simple moving average of $113.66 and a two-hundred day simple moving average of $117.15. The firm has a market cap of $77.27 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period last year, the firm posted $1.62 EPS. The company’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Dell Technologies will post 6.92 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.445 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $1.78 annualized dividend and a dividend yield of 1.61%. Dell Technologies’s dividend payout ratio (DPR) is 31.45%.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $125.82, for a total value of $1,006,560.00. Following the completion of the sale, the chief financial officer now owns 228,419 shares of the company’s stock, valued at $28,739,678.58. The trade was a 3.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 945,407 shares of company stock worth $115,564,106. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the last quarter. State Street Corp grew its stake in Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC grew its stake in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after purchasing an additional 552,213 shares during the last quarter. Norges Bank purchased a new position in Dell Technologies in the fourth quarter valued at about $455,029,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after acquiring an additional 1,139,318 shares during the last quarter. Hedge funds and other institutional investors own 76.37% 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).