Morgan Stanley Cuts Dell Technologies (NYSE:DELL) Price Target to $142.00

Dell Technologies (NYSE:DELL) had its target price trimmed by Morgan Stanley from $155.00 to $142.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

A number of other equities analysts also recently issued reports on the stock. Sanford C. Bernstein increased their price target on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an outperform rating in a research note on Monday, May 20th. Loop Capital increased their price target on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a buy rating in a research note on Tuesday, May 28th. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an overweight rating in a report on Thursday, August 15th. Evercore ISI cut their price objective on shares of Dell Technologies from $165.00 to $140.00 and set an outperform rating on the stock in a report on Monday, August 12th. Finally, Citigroup cut their price objective on shares of Dell Technologies from $170.00 to $155.00 and set a buy rating on the stock in a report on Thursday, August 15th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $131.25.

Dell Technologies Trading Up 0.9 %

Shares of NYSE:DELL opened at $111.71 on Monday. The company has a market cap of $79.24 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The company has a 50-day moving average price of $124.65 and a 200-day moving average price of $121.17. Dell Technologies has a 12 month low of $53.62 and a 12 month high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. The company had revenue of $22.24 billion during the quarter, compared to the consensus estimate of $21.70 billion. As a group, research analysts forecast that Dell Technologies will post 6.85 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total value of $2,221,219.44. Following the sale, the director now owns 806,352 shares in the company, valued at $108,986,536.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, CEO Michael S. Dell sold 139,419 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total value of $18,986,079.42. Following the transaction, the chief executive officer now directly owns 30,272,822 shares in the company, valued at $4,122,552,899.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the completion of the transaction, the director now owns 806,352 shares in the company, valued at $108,986,536.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,058,131 shares of company stock worth $963,293,619. 46.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DELL. International Assets Investment Management LLC bought a new position in Dell Technologies in the fourth quarter worth approximately $5,121,000. Cerity Partners LLC raised its position in shares of Dell Technologies by 46.7% during the 4th quarter. Cerity Partners LLC now owns 6,533 shares of the technology company’s stock valued at $500,000 after purchasing an additional 2,079 shares during the period. Tennessee Valley Asset Management Partners bought a new stake in shares of Dell Technologies during the 4th quarter valued at $59,000. Daiwa Securities Group Inc. raised its position in shares of Dell Technologies by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,577 shares of the technology company’s stock valued at $1,269,000 after purchasing an additional 900 shares during the period. Finally, Greenleaf Trust raised its position in shares of Dell Technologies by 1.2% during the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock valued at $772,000 after purchasing an additional 122 shares during the period. 38.10% of the stock is currently owned by institutional investors.

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).