Morgan Stanley Cuts Position in Dell Inc. (NYSE:DELL)

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Morgan Stanley lowered its position in shares of Dell Inc. (NYSE:DELL) by 0.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 501,976 shares of the technology company’s stock after selling 4,694 shares during the quarter. Morgan Stanley owned about 0.07% of Dell worth $19,852,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Lyrical Asset Management LP acquired a new position in shares of Dell during the 1st quarter valued at $220,177,000. Point72 Asset Management L.P. raised its position in Dell by 97.4% in the fourth quarter. Point72 Asset Management L.P. now owns 4,640,694 shares of the technology company’s stock valued at $238,485,000 after purchasing an additional 2,289,395 shares during the period. Norges Bank acquired a new position in shares of Dell during the fourth quarter worth about $83,698,000. AQR Capital Management LLC lifted its stake in shares of Dell by 1,022.6% during the fourth quarter. AQR Capital Management LLC now owns 1,469,592 shares of the technology company’s stock worth $75,522,000 after purchasing an additional 1,338,686 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of Dell by 95.1% in the fourth quarter. Nuveen Asset Management LLC now owns 2,398,806 shares of the technology company’s stock worth $123,275,000 after buying an additional 1,169,371 shares during the period. Institutional investors and hedge funds own 24.91% of the company’s stock.

In other news, insider Karen H. Quintos sold 37,933 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $49.19, for a total transaction of $1,865,924.27. Following the completion of the transaction, the insider now directly owns 68,201 shares of the company’s stock, valued at $3,354,807.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas W. Sweet sold 3,038 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $50.00, for a total value of $151,900.00. Following the sale, the chief financial officer now owns 78,207 shares in the company, valued at $3,910,350. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,774 shares of company stock worth $4,653,989. Insiders own 48.30% of the company’s stock.

Shares of DELL opened at $54.94 on Wednesday. Dell Inc. has a 52 week low of $25.51 and a 52 week high of $59.17. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 14.92. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.83 and a beta of 0.87. The stock has a 50 day moving average of $47.21 and a 200-day moving average of $45.55.

Dell (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 28th. The technology company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.33. The firm had revenue of $21.90 billion for the quarter, compared to analysts’ expectations of $20.65 billion. Dell had a return on equity of 141.86% and a net margin of 5.13%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business posted $1.45 earnings per share. On average, sell-side analysts predict that Dell Inc. will post 5.4 earnings per share for the current fiscal year.

Several research firms recently commented on DELL. Wells Fargo & Co boosted their price target on Dell from $57.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Cowen began coverage on shares of Dell in a research report on Tuesday. They set a “market perform” rating and a $60.00 target price on the stock. Nomura Instinet upped their target price on shares of Dell from $35.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. ValuEngine downgraded shares of Dell from a “sell” rating to a “strong sell” rating in a research note on Friday, June 5th. Finally, Nomura reissued a “neutral” rating and issued a $50.00 price objective (up from $35.00) on shares of Dell in a research report on Friday, May 29th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $53.00.

About Dell

Dell Inc (Dell) is a global information technology company that offers its customers a range of solutions and services delivered directly by Dell and through other distribution channels. Dell is a holding company that conducts its business worldwide through its subsidiaries. The Company operates in four segments: Large Enterprise, Public, Small and Medium Business, and Consumer.

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Institutional Ownership by Quarter for Dell (NYSE:DELL)

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