Dell Technologies (NYSE:DELL) Price Target Raised to $215.00 at Mizuho

Dell Technologies (NYSE:DELL) had its price objective increased by Mizuho from $180.00 to $215.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on DELL. Evercore boosted their target price on shares of Dell Technologies from $160.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Dbs Bank upgraded shares of Dell Technologies to a “moderate buy” rating in a research note on Monday, January 5th. The Goldman Sachs Group started coverage on shares of Dell Technologies in a research note on Tuesday, January 13th. They issued a “buy” rating and a $165.00 target price for the company. Truist Financial began coverage on shares of Dell Technologies in a research note on Tuesday, March 31st. They issued a “hold” rating and a $170.00 target price for the company. Finally, Morgan Stanley boosted their price target on shares of Dell Technologies from $101.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, February 27th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.74.

Dell Technologies Trading Down 0.7%

Shares of NYSE DELL opened at $173.13 on Monday. Dell Technologies has a 12 month low of $66.25 and a 12 month high of $186.39. The company has a 50 day simple moving average of $140.56 and a two-hundred day simple moving average of $137.51. The stock has a market cap of $111.80 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.71 and a beta of 0.88.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, beating the consensus estimate of $3.53 by $0.36. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The business had revenue of $33.38 billion during the quarter, compared to analysts’ expectations of $31.60 billion. During the same period in the previous year, the business posted $2.68 EPS. The business’s quarterly revenue was up 39.5% compared to the same quarter last year. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Analysts forecast that Dell Technologies will post 6.93 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Tuesday, April 21st will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. This is an increase from Dell Technologies’s previous quarterly dividend of $0.53. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. Dell Technologies’s dividend payout ratio is currently 24.08%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 74,258 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $152.28, for a total value of $11,308,008.24. Following the transaction, the director owned 92 shares of the company’s stock, valued at $14,009.76. This represents a 99.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William F. Scannell sold 143,067 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the completion of the transaction, the insider directly owned 21,779 shares in the company, valued at $3,593,535. The trade was a 86.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,595,522 shares of company stock worth $403,091,708. 42.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Dell Technologies during the 4th quarter worth approximately $607,349,000. Wellington Management Group LLP increased its stake in 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 worth $426,129,000 after buying an additional 2,937,137 shares during the period. Invesco Ltd. increased its stake in Dell Technologies by 50.4% during the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after buying an additional 2,445,854 shares during the period. Michael & Susan Dell Foundation increased its stake in Dell Technologies by 533.3% during the 4th quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock worth $337,652,000 after buying an additional 2,258,797 shares during the period. Finally, Franklin Resources Inc. increased its stake in Dell Technologies by 541.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock worth $283,052,000 after buying an additional 1,685,529 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

About Dell Technologies

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.