Dell Technologies (NYSE:DELL) Earns Overweight Rating from Morgan Stanley

Morgan Stanley reissued their overweight rating on shares of Dell Technologies (NYSE:DELLFree Report) in a research note released on Monday morning, Benzinga reports. The firm currently has a $155.00 target price on the technology company’s stock.

A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $125.00 to $155.00 and gave the company an overweight rating in a report on Monday, May 20th. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the company an outperform rating in a research note on Monday, May 20th. Bank of America boosted their price objective on Dell Technologies from $130.00 to $180.00 and gave the stock a buy rating in a research note on Wednesday, May 29th. TD Cowen raised their price target on Dell Technologies from $105.00 to $155.00 and gave the stock a hold rating in a research note on Friday, May 31st. Finally, The Goldman Sachs Group raised their target price on shares of Dell Technologies from $87.00 to $129.00 and gave the company a buy rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $135.81.

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Dell Technologies Price Performance

NYSE:DELL opened at $149.15 on Monday. The business has a 50 day moving average of $135.36 and a 200 day moving average of $106.74. Dell Technologies has a 1-year low of $48.74 and a 1-year high of $179.70. The company has a market capitalization of $106.46 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.76 and a beta of 0.85.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Tuesday, July 23rd will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.19%. Dell Technologies’s dividend payout ratio (DPR) is currently 36.33%.

Insiders Place Their Bets

In related news, insider William F. Scannell sold 106,483 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now directly owns 356,077 shares in the company, valued at $45,987,344.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider William F. Scannell sold 106,483 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the completion of the sale, the insider now directly owns 356,077 shares of the company’s stock, valued at approximately $45,987,344.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction on Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the completion of the sale, the general counsel now directly owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,857,539 shares of company stock worth $781,118,135. Company insiders own 46.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DELL. Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV boosted its position in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Pinnacle Bancorp Inc. grew its stake in Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares in the last quarter. Finally, New Covenant Trust Company N.A. acquired a new position in Dell Technologies during the 1st quarter worth $30,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Company Profile

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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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