Dell Technologies (NYSE:DELL) Trading Up 1.5% – Here’s What Happened

Shares of Dell Technologies Inc. (NYSE:DELL) were up 1.5% during mid-day trading on Friday . The company traded as high as $129.35 and last traded at $127.7260. Approximately 4,746,161 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 4,778,185 shares. The stock had previously closed at $125.88.

Analyst Ratings Changes

Several brokerages have commented on DELL. Citic Securities upped their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 28th. Wells Fargo & Company upped their price objective on Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday, October 8th. Zacks Research cut shares of Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Bank of America increased their target price on shares of Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.84.

Dell Technologies Stock Up 1.5%

The company’s fifty day moving average price is $136.75 and its two-hundred day moving average price is $133.79. The company has a market cap of $84.64 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 0.84 and a beta of 1.03.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 25th. The technology company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.47 by $0.12. The business had revenue of $27.01 billion for the quarter, compared to analysts’ expectations of $27.26 billion. Dell Technologies had a net margin of 5.01% and a negative return on equity of 234.84%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.15 EPS. 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 predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, January 20th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies’s dividend payout ratio (DPR) is presently 28.00%.

Insiders Place Their Bets

In other news, Director William D. Green sold 42,736 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the sale, the director owned 47,619 shares of the company’s stock, valued at $7,619,040. The trade was a 47.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total transaction of $1,003,335.71. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,710,159 shares of company stock worth $260,506,809 in the last 90 days. Company insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently modified their holdings of DELL. Carnegie Investment Counsel raised its stake in Dell Technologies by 904.0% in the 3rd quarter. Carnegie Investment Counsel now owns 18,484 shares of the technology company’s stock valued at $2,620,000 after acquiring an additional 16,643 shares during the period. Shikiar Asset Management Inc. acquired a new position in shares of Dell Technologies in the third quarter valued at $5,417,000. William Allan Corp raised its position in shares of Dell Technologies by 47.6% in the second quarter. William Allan Corp now owns 25,901 shares of the technology company’s stock valued at $3,175,000 after purchasing an additional 8,355 shares during the period. Modera Wealth Management LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth about $241,000. Finally, WASHINGTON TRUST Co boosted its holdings in shares of Dell Technologies by 11,037.8% during the 2nd quarter. WASHINGTON TRUST Co now owns 88,100 shares of the technology company’s stock worth $10,801,000 after buying an additional 87,309 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

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.