Dell Technologies (NYSE:DELL) Given New $160.00 Price Target at Citic Securities

Dell Technologies (NYSE:DELL) had its price target hoisted by Citic Securities from $150.00 to $160.00 in a research report report published on Friday,MarketScreener reports. They currently have a buy rating on the technology company’s stock.

DELL has been the subject of a number of other reports. Argus raised their price objective on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. TD Cowen increased their target price on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. Raymond James Financial upped their price objective on shares of Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, UBS Group lowered their price objective on shares of Dell Technologies from $186.00 to $167.00 and set a “buy” rating for the company in a research report on Wednesday. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.05.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $133.06 on Friday. The company has a market capitalization of $89.46 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.01 and a beta of 1.02. The company has a 50 day simple moving average of $143.67 and a 200-day simple moving average of $130.57. Dell Technologies has a 1 year low of $66.25 and a 1 year high of $168.08.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, November 25th. The technology company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.12. The company had revenue of $27.01 billion during the quarter, compared to analyst estimates of $27.26 billion. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 earnings per share. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS. Q4 2026 guidance at 3.500-3.500 EPS. As a group, research analysts expect that Dell Technologies will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,537,755 shares of company stock valued at $642,644,973. Insiders own 42.00% of the company’s stock.

Institutional Trading of Dell Technologies

A number of large investors have recently made changes to their positions in DELL. Brighton Jones LLC grew its holdings in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after acquiring an additional 901 shares in the last quarter. Assetmark Inc. lifted its position in shares of Dell Technologies by 63.7% during the 1st quarter. Assetmark Inc. now owns 406 shares of the technology company’s stock worth $37,000 after purchasing an additional 158 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Dell Technologies by 54.5% during the first quarter. Meeder Advisory Services Inc. now owns 3,403 shares of the technology company’s stock worth $310,000 after purchasing an additional 1,201 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Dell Technologies in the first quarter valued at $26,000. Finally, Eastern Bank raised its stake in Dell Technologies by 6.6% in the first quarter. Eastern Bank now owns 3,398 shares of the technology company’s stock valued at $310,000 after buying an additional 210 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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).