Dell Technologies (NYSE:DELL) Hits New 1-Year High After Analyst Upgrade

Shares of Dell Technologies Inc. (NYSE:DELL) reached a new 52-week high on Wednesday after Bank of America raised their price target on the stock from $167.00 to $170.00. Bank of America currently has a buy rating on the stock. Dell Technologies traded as high as $149.68 and last traded at $149.46, with a volume of 13523003 shares trading hands. The stock had previously closed at $141.77.

Several other equities research analysts also recently issued reports on the stock. Evercore ISI raised their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Citigroup upped their price objective on Dell Technologies from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Wall Street Zen upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Raymond James Financial boosted their target price on Dell Technologies from $150.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $125.00 price target on shares of Dell Technologies in a report on Wednesday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.67.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William D. Green sold 50,000 shares of Dell Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $140.00, for a total value of $7,000,000.00. Following the sale, the director directly owned 45,045 shares of the company’s stock, valued at $6,306,300. This represents a 52.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,204,462 shares of company stock valued at $420,370,484 in the last ninety days. 42.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Asset Dedication LLC grew its stake in Dell Technologies by 2.0% during the second quarter. Asset Dedication LLC now owns 4,318 shares of the technology company’s stock worth $529,000 after buying an additional 84 shares in the last quarter. RWA Wealth Partners LLC lifted its holdings in shares of Dell Technologies by 1.0% during the 2nd quarter. RWA Wealth Partners LLC now owns 8,953 shares of the technology company’s stock worth $1,098,000 after acquiring an additional 88 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Dell Technologies by 3.1% during the 1st quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company’s stock worth $274,000 after acquiring an additional 90 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in Dell Technologies by 4.9% in the second quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock valued at $261,000 after acquiring an additional 100 shares during the last quarter. Finally, Westside Investment Management Inc. raised its position in Dell Technologies by 84.7% during the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Up 5.4%

The firm has a 50 day simple moving average of $131.27 and a two-hundred day simple moving average of $114.29. The stock has a market capitalization of $100.49 billion, a P/E ratio of 21.98, a PEG ratio of 0.97 and a beta of 1.04.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.03. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. During the same quarter last year, the company posted $1.89 EPS. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. On average, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.

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).