Dell Technologies (NYSE:DELL – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.
A number of other equities research analysts have also weighed in on the stock. TD Cowen lifted their target price on shares of Dell Technologies from $125.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Wells Fargo & Company raised their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Susquehanna restated a “neutral” rating and issued a $125.00 target price on shares of Dell Technologies in a report on Wednesday, August 13th. Cowen reaffirmed a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. Finally, Evercore ISI upped their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.31.
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Dell Technologies Stock Down 0.3%
Shares of NYSE:DELL opened at $124.98 on Friday. The stock has a market cap of $84.03 billion, a PE ratio of 18.38, a PEG ratio of 0.86 and a beta of 1.01. Dell Technologies has a 52 week low of $66.25 and a 52 week high of $147.66. The company’s fifty day moving average is $129.36 and its 200 day moving average is $111.00.
Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.03. The business had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company’s revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Sell-side analysts anticipate that Dell Technologies will post 6.93 EPS for the current year.
Insider Buying and Selling
In other Dell Technologies news, CAO Brunilda Rios sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at $2,392,942.92. This trade represents a 24.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm’s stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares of the company’s stock, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,618,897 shares of company stock valued at $1,428,008,024 over the last quarter. Insiders own 42.00% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in DELL. Norges Bank purchased a new position in shares of Dell Technologies during the second quarter worth $528,279,000. Boston Partners raised its holdings in shares of Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Dell Technologies by 628.5% during the second quarter. AQR Capital Management LLC now owns 1,374,078 shares of the technology company’s stock worth $168,462,000 after purchasing an additional 1,185,454 shares during the last quarter. Vanguard Group Inc. increased its holdings in Dell Technologies by 4.1% in 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 buying an additional 1,145,658 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after buying an additional 1,142,012 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.
Dell Technologies Company Profile
(Get Free Report)
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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