Morgan Stanley Issues Pessimistic Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price target reduced by analysts at Morgan Stanley from $154.00 to $128.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s price target would suggest a potential upside of 12.01% from the company’s current price.

Several other research firms have also weighed in on DELL. Mizuho reduced their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, November 27th. Melius Research lifted their price target on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Wells Fargo & Company lifted their price target on Dell Technologies from $140.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.94.

Dell Technologies Stock Performance

DELL opened at $114.28 on Thursday. The business has a 50 day moving average price of $113.36 and a 200 day moving average price of $117.10. Dell Technologies has a twelve month low of $80.49 and a twelve month high of $179.70. The firm has a market cap of $80.05 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 0.91 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to analyst estimates of $24.67 billion. During the same period in the previous year, the company earned $1.62 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies will post 6.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total value of $12,997,173.60. Following the transaction, the director now owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total value of $1,145,920.00. Following the completion of the transaction, the chief financial officer now directly owns 236,419 shares in the company, valued at approximately $33,864,657.56. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 945,407 shares of company stock valued at $115,564,106. 46.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the fourth quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in Dell Technologies in the fourth quarter valued at about $28,000. Finally, True Wealth Design LLC increased its holdings in Dell Technologies by 2,530.0% in 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 during the last quarter. Institutional investors and hedge funds own 76.37% 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).