Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Morgan Stanley Analyst Says

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

Other equities research analysts also recently issued research reports about the company. TD Cowen lowered their price target on Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Bank of America boosted their target price on Dell Technologies from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a research report on Friday, September 27th. They set a “buy” rating and a $144.00 price target on the stock. Sanford C. Bernstein lowered their price objective on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, Barclays increased their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $144.63.

Dell Technologies Stock Performance

Dell Technologies stock opened at $134.43 on Monday. The stock has a market cap of $94.42 billion, a P/E ratio of 24.71, a PEG ratio of 1.44 and a beta of 0.89. Dell Technologies has a fifty-two week low of $67.51 and a fifty-two week high of $179.70. The firm’s fifty day moving average price is $121.89 and its 200-day moving average price is $126.31.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. Dell Technologies’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts predict that Dell Technologies will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a $0.445 dividend. The ex-dividend date of this dividend 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 is currently 32.72%.

Insider Activity at Dell Technologies

In related news, CEO Michael S. Dell sold 221,460 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. This represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total value of $93,887.50. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $3,066,560. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clean Yield Group bought a new stake in Dell Technologies during the 3rd quarter valued at about $25,000. Accordant Advisory Group Inc bought a new position in shares of Dell Technologies in the second quarter worth approximately $28,000. New Covenant Trust Company N.A. purchased a new position in Dell Technologies during the first quarter valued at $30,000. True Wealth Design LLC raised its stake in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in Dell Technologies in the second quarter worth $33,000. Hedge funds and other institutional investors own 38.10% 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).