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

Dell Technologies (NYSE:DELL) had its target price trimmed by Citigroup from $165.00 to $160.00 in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage currently has a buy rating on the technology company’s stock.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group started coverage on Dell Technologies in a report on Tuesday, January 13th. They set a “buy” rating and a $165.00 price target for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, January 21st. Bank of America upped their target price on shares of Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Mizuho raised their price target on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, UBS Group lowered their price objective on Dell Technologies from $186.00 to $167.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $161.00.

Dell Technologies Price Performance

NYSE:DELL opened at $116.16 on Tuesday. The firm has a market capitalization of $76.98 billion, a P/E ratio of 15.49, a PEG ratio of 0.68 and a beta of 1.03. Dell Technologies has a one year low of $66.25 and a one year high of $168.08. The company’s 50-day simple moving average is $122.38 and its 200 day simple moving average is $132.50.

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

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, January 20th. Dell Technologies’s dividend payout ratio (DPR) is 28.00%.

Insider Buying and Selling

In other Dell Technologies news, Director Egon Durban sold 71,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $138.12, for a total transaction of $9,806,520.00. Following the completion of the sale, the director directly owned 1,172,428 shares in the company, valued at $161,935,755.36. The trade was a 5.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 42.00% of the company’s stock.

Institutional Trading of Dell Technologies

Several large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Dell Technologies in the fourth quarter worth about $607,349,000. Wellington Management Group LLP grew its stake in shares of Dell Technologies by 4,279.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after acquiring an additional 2,937,137 shares during the period. Michael & Susan Dell Foundation increased its holdings in Dell Technologies by 533.3% in the 4th quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock worth $337,652,000 after acquiring an additional 2,258,797 shares in the last quarter. Invesco Ltd. raised its stake in Dell Technologies by 82.3% during the 3rd quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company’s stock worth $688,315,000 after acquiring an additional 2,191,317 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Dell Technologies by 541.9% during the third quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock valued at $283,052,000 after purchasing an additional 1,685,529 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Company Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.