Dell Technologies (NYSE:DELL) Given New $154.00 Price Target at Morgan Stanley

Dell Technologies (NYSE:DELL) had its price target hoisted by Morgan Stanley from $136.00 to $154.00 in a research note published on Monday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other brokerages have also weighed in on DELL. Bank of America increased their price objective on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Sanford C. Bernstein cut their price objective on Dell Technologies from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Mizuho began coverage on shares of Dell Technologies in a research note on Tuesday, September 17th. They issued an “outperform” rating and a $135.00 price target for the company. TD Cowen cut their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, Citigroup lifted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $144.63.

Dell Technologies Price Performance

Shares of DELL stock opened at $134.43 on Monday. The company has a market cap of $94.42 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.44 and a beta of 0.89. The stock has a 50 day simple moving average of $121.89 and a 200-day simple moving average of $126.31. Dell Technologies has a 1-year low of $67.51 and a 1-year high of $179.70.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. Analysts anticipate that Dell Technologies will post 6.91 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd were issued a $0.445 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.32%. Dell Technologies’s dividend payout ratio (DPR) is presently 32.72%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the transaction, the director now directly owns 23,680 shares in the company, valued at $3,066,560. This represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $122.40, for a total value of $1,224,000,000.00. Following the completion of the sale, the chief executive officer now owns 16,912,241 shares of the company’s stock, valued at $2,070,058,298.40. This trade represents a 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,953,387 shares of company stock valued at $2,113,353,236 over the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DELL. Capital World Investors acquired a new stake in Dell Technologies in the 1st quarter valued at about $835,946,000. International Assets Investment Management LLC increased its holdings in shares of Dell Technologies by 19,376.1% in the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company’s stock valued at $287,779,000 after purchasing an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after acquiring an additional 1,011,512 shares in the last quarter. Bahl & Gaynor Inc. raised its position in Dell Technologies by 159.8% during the first quarter. Bahl & Gaynor Inc. now owns 1,353,044 shares of the technology company’s stock valued at $154,396,000 after acquiring an additional 832,144 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in Dell Technologies by 48.3% in the third quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after purchasing an additional 699,204 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors.

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).