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

Dell Technologies (NYSE:DELL) had its price target lifted by Mizuho from $180.00 to $215.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Mizuho’s target price indicates a potential upside of 23.52% from the company’s current price.

A number of other research firms have also recently weighed in on DELL. Evercore raised their price objective on shares of Dell Technologies from $160.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Raymond James Financial increased their target price on shares of Dell Technologies from $166.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Citigroup cut their price target on shares of Dell Technologies from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Dbs Bank raised shares of Dell Technologies to a “moderate buy” rating in a research report on Monday, January 5th. Finally, Truist Financial assumed coverage on shares of Dell Technologies in a research note on Tuesday, March 31st. They issued a “hold” rating and a $170.00 price objective for the company. Sixteen 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 company. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $168.74.

Dell Technologies Stock Performance

NYSE:DELL opened at $174.06 on Monday. Dell Technologies has a 1 year low of $66.25 and a 1 year high of $186.39. The stock has a market cap of $112.40 billion, a P/E ratio of 19.96, a P/E/G ratio of 0.71 and a beta of 0.88. The stock has a 50-day simple moving average of $139.42 and a 200-day simple moving average of $137.22.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.36. The business had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The business’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the company earned $2.68 EPS. 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. On average, equities research analysts predict that Dell Technologies will post 6.93 EPS for the current year.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 74,258 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $152.28, for a total transaction of $11,308,008.24. Following the transaction, the director owned 92 shares of the company’s stock, valued at $14,009.76. This trade 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, Director V (Gp) L.L.C. Slta sold 510,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total value of $74,883,300.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,595,522 shares of company stock valued at $403,091,708. Company insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Dell Technologies by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock worth $3,957,850,000 after purchasing an additional 1,355,841 shares during the last quarter. State Street Corp grew its position in Dell Technologies by 1.8% in the 4th quarter. State Street Corp now owns 14,715,998 shares of the technology company’s stock valued at $1,852,450,000 after buying an additional 265,740 shares during the last quarter. Geode Capital Management LLC increased its stake in Dell Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company’s stock valued at $939,808,000 after buying an additional 108,011 shares during the period. Invesco Ltd. raised its position 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 last quarter. Finally, Deutsche Bank AG raised its position in Dell Technologies by 24.6% during the 4th quarter. Deutsche Bank AG now owns 5,517,070 shares of the technology company’s stock worth $694,489,000 after buying an additional 1,090,336 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

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.