Dell Technologies (NYSE:DELL) Given New $126.00 Price Target at Morgan Stanley

Dell Technologies (NYSE:DELL - Get Free Report) had its price objective raised by research analysts at Morgan Stanley from $89.00 to $126.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Morgan Stanley's price objective would suggest a potential upside of 9.79% from the company's current price.

Several other research firms have also weighed in on DELL. UBS Group reduced their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Bank of America lowered their target price on Dell Technologies from $155.00 to $150.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Citigroup raised their price target on shares of Dell Technologies from $105.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. cut their target price on shares of Dell Technologies from $150.00 to $108.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Loop Capital lowered their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $134.65.

Dell Technologies Trading Up 0.5%

DELL traded up $0.53 on Wednesday, reaching $114.76. The company had a trading volume of 1,648,878 shares, compared to its average volume of 8,100,513. Dell Technologies has a one year low of $66.25 and a one year high of $179.70. The company has a market capitalization of $80.09 billion, a P/E ratio of 20.28, a PEG ratio of 1.10 and a beta of 0.99. The company has a fifty day moving average of $92.65 and a 200-day moving average of $108.35.

Insider Buying and Selling at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the transaction, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company's stock.

Institutional Trading of Dell Technologies

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares in the last quarter. Capital World Investors boosted its stake in Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock valued at $1,436,000,000 after buying an additional 72,271 shares in the last quarter. Geode Capital Management LLC grew its position in Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after acquiring an additional 552,213 shares during the period. Boston Partners grew its position in Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after acquiring an additional 1,312,600 shares during the period. Finally, Deutsche Bank AG raised its stake in Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after acquiring an additional 1,142,012 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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).

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