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

Dell Technologies (NYSE:DELL) had its price target cut by Morgan Stanley from $154.00 to $128.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

DELL has been the subject of a number of other reports. Barclays upped their price objective on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company increased their price target on shares of Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday. Finally, Melius Research upped their price objective 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. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $145.94.

Dell Technologies Stock Up 3.6 %

DELL stock opened at $114.28 on Thursday. Dell Technologies has a twelve month low of $80.49 and a twelve month high of $179.70. The stock has a market capitalization of $80.05 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90. The firm’s fifty day simple moving average is $113.18 and its two-hundred day simple moving average is $117.12.

Dell Technologies (NYSE:DELL) last issued its earnings results 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. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 earnings per share. As a group, equities research analysts expect that Dell Technologies will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Wednesday, January 22nd. Dell Technologies’s payout ratio is presently 31.45%.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. The trade was a 3.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 945,407 shares of company stock worth $115,564,106. 46.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meiji Yasuda Life Insurance Co acquired a new stake in shares of Dell Technologies during the fourth quarter valued at $415,000. Westbourne Investments Inc. acquired a new stake in shares of Dell Technologies during the fourth quarter valued at $939,000. Freestone Grove Partners LP acquired a new stake in Dell Technologies in the 4th quarter worth about $25,502,000. One68 Global Capital LLC acquired a new stake in Dell Technologies in the 4th quarter worth about $691,000. Finally, Comerica Bank boosted its stake in Dell Technologies by 10.4% in the 4th quarter. Comerica Bank now owns 71,203 shares of the technology company’s stock worth $8,205,000 after buying an additional 6,689 shares during the last quarter. 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).