Bank of America Issues Positive Forecast for Dell Technologies (NYSE:DELL) Stock Price

Dell Technologies (NYSE:DELL) had its price objective increased by Bank of America from $167.00 to $170.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Several other research firms have also weighed in on DELL. Sanford C. Bernstein initiated coverage on shares of Dell Technologies in a research note on Monday, September 15th. They set an “outperform” rating and a $175.00 price objective on the stock. Daiwa Capital Markets increased their price objective on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Citigroup increased their price objective on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Barclays increased their price objective on shares of Dell Technologies from $131.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 17th. Finally, KeyCorp initiated coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They issued a “sector weight” rating for the company. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.67.

Dell Technologies Stock Up 5.4%

DELL opened at $149.46 on Wednesday. The firm has a market cap of $100.49 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04. Dell Technologies has a fifty-two week low of $66.25 and a fifty-two week high of $149.68. The company’s 50-day moving average price is $131.27 and its 200 day moving average price is $114.29.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.03. The firm 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%. Dell Technologies’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Research analysts anticipate that Dell Technologies will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.4%. Dell Technologies’s dividend payout ratio is currently 30.88%.

Insider Buying and Selling at Dell Technologies

In related news, Director Lynn Vojvodich Radakovich sold 725 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $126.39, for a total value of $91,632.75. Following the completion of the sale, the director owned 23,680 shares in the company, valued at approximately $2,992,915.20. This represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 12,481 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $130.62, for a total transaction of $1,630,268.22. The disclosure for this sale can be found here. Insiders sold 3,204,462 shares of company stock valued at $420,370,484 in the last ninety days. Company insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Hedge funds have recently made changes to their positions in the company. Winnow Wealth LLC purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at approximately $25,000. Westside Investment Management Inc. lifted its position in Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Dell Technologies in the 2nd quarter worth approximately $28,000. Central Pacific Bank Trust Division purchased a new stake in Dell Technologies in the 2nd quarter worth approximately $29,000. Finally, Johnson Financial Group Inc. lifted its position in Dell Technologies by 66.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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).