Dell Technologies (NYSE:DELL) Price Target Raised to $154.00

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

DELL has been the subject of a number of other reports. Sanford C. Bernstein reduced their target price on shares of Dell Technologies from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. UBS Group decreased their target price on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a research note on Friday, September 27th. They issued a “buy” rating and a $144.00 target price on the stock. Susquehanna started coverage on Dell Technologies in a research note on Tuesday, September 10th. They set a “neutral” rating and a $120.00 price target for the company. Finally, Citigroup boosted their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.63.

Dell Technologies Stock Down 1.4 %

DELL stock opened at $134.57 on Monday. The business has a 50 day moving average of $121.38 and a 200-day moving average of $126.25. The firm has a market cap of $94.52 billion, a PE ratio of 24.74, a P/E/G ratio of 1.44 and a beta of 0.89. Dell Technologies has a 12-month low of $67.51 and a 12-month high of $179.70.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (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 analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $1.44 EPS. On average, research analysts expect that Dell Technologies will post 6.91 earnings per share for the current year.

Dell Technologies Announces Dividend

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

Insider Activity

In related news, CEO Michael S. Dell sold 1,839,959 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the sale, the chief executive officer now directly owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Michael S. Dell sold 1,839,959 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $106.68, for a total value of $196,286,826.12. Following the transaction, the chief executive officer now owns 18,350,822 shares of the company’s stock, valued at $1,957,665,690.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William F. Scannell sold 42,595 shares of Dell Technologies stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.29, for a total transaction of $4,995,967.55. Following the sale, the insider now directly owns 73,263 shares of the company’s stock, valued at $8,593,017.27. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,953,387 shares of company stock worth $2,113,353,236. 46.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently modified their holdings of the company. Capital World Investors purchased a new position in shares of Dell Technologies during the first quarter worth approximately $835,946,000. International Assets Investment Management LLC raised its position in 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 worth $287,779,000 after purchasing an additional 2,415,234 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Dell Technologies by 83.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after buying an additional 1,011,512 shares during the period. Bahl & Gaynor Inc. grew its stake in shares of 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 buying an additional 832,144 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Dell Technologies by 103.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,133,166 shares of the technology company’s stock valued at $156,275,000 after acquiring an additional 575,166 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other 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).