Dell Technologies (NYSE:DELL) PT Raised to $155.00 at Morgan Stanley

Dell Technologies (NYSE:DELLGet Free Report) had its price target increased by equities researchers at Morgan Stanley from $152.00 to $155.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s target price indicates a potential upside of 11.06% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group increased their price target 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. Bank of America upped their price objective on shares of Dell Technologies from $130.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Finally, Loop Capital upped their price objective on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.81.

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Dell Technologies Stock Down 17.9 %

Shares of DELL opened at $139.56 on Friday. The stock has a market capitalization of $99.62 billion, a P/E ratio of 28.48, a PEG ratio of 2.16 and a beta of 0.87. The firm has a fifty day simple moving average of $131.21 and a two-hundred day simple moving average of $101.05. Dell Technologies has a twelve month low of $44.45 and a twelve month high of $179.70.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the completion of the sale, the director now directly owns 408,694 shares in the company, valued at approximately $51,626,226.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the completion of the sale, the director now directly owns 535,816 shares in the company, valued at approximately $71,997,595.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the sale, the director now owns 408,694 shares of the company’s stock, valued at $51,626,226.08. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock worth $718,452,037 in the last three months. 46.70% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC boosted its holdings in shares of Dell Technologies by 33.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 6,028 shares of the technology company’s stock valued at $415,000 after acquiring an additional 1,498 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at about $766,000. Sigma Planning Corp purchased a new stake in shares of Dell Technologies during the 3rd quarter valued at about $209,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Dell Technologies by 20.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 110,383 shares of the technology company’s stock worth $7,605,000 after buying an additional 19,061 shares during the last quarter. Finally, abrdn plc purchased a new position in shares of Dell Technologies in the third quarter worth approximately $227,000. 38.10% of the stock is currently owned by institutional investors.

About Dell Technologies

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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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