Dell Technologies (NYSE:DELL) Price Target Raised to $246.00 at Bank of America

Dell Technologies (NYSE:DELLFree Report) had its price objective upped by Bank of America from $205.00 to $246.00 in a research report released on Monday,MarketScreener reports.

Several other brokerages have also issued reports on DELL. Barclays boosted their price target on Dell Technologies from $148.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. The Goldman Sachs Group boosted their price target on Dell Technologies from $195.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $165.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Citigroup boosted their price target on Dell Technologies from $180.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Zacks Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $183.68.

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Dell Technologies Stock Performance

Shares of Dell Technologies stock traded down $11.34 during trading on Monday, reaching $204.63. The company’s stock had a trading volume of 1,147,858 shares, compared to its average volume of 8,263,100. The business’s fifty day moving average price is $163.76 and its 200-day moving average price is $143.23. The firm has a market cap of $132.14 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 0.88 and a beta of 0.88. Dell Technologies has a one year low of $86.76 and a one year high of $221.50.

Dell Technologies (NYSE:DELLGet Free Report) last posted its quarterly earnings data on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.36. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The business had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. During the same period in the previous year, the company posted $2.68 earnings per share. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. 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. Sell-side analysts anticipate that Dell Technologies will post 11.9 EPS for the current year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Tuesday, April 21st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. 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. Dell Technologies’s dividend payout ratio (DPR) is presently 28.90%.

Insider Activity at Dell Technologies

In related news, Director Ellen Jamison Kullman sold 150,346 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $145.13, for a total value of $21,819,714.98. Following the completion of the transaction, the director owned 65,662 shares in the company, valued at $9,529,526.06. The trade was a 69.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 510,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total transaction of $74,883,300.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,571,688 shares of company stock valued at $576,654,105 in the last 90 days. 42.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

A number of large investors have recently made changes to their positions in DELL. Commonwealth Retirement Investments LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at $25,000. Rossby Financial LCC increased its position in shares of Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after buying an additional 184 shares in the last quarter. Navalign LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. acquired a new position in Dell Technologies in the 4th quarter worth $29,000. Finally, WealthCollab LLC boosted its stake in Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after purchasing an additional 114 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies News Roundup

Here are the key news stories impacting Dell Technologies this week:

Dell Technologies Company Profile

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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.

Further Reading

Analyst Recommendations for Dell Technologies (NYSE:DELL)

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