Mizuho Forecasts Strong Price Appreciation for Dell Technologies (NYSE:DELL) Stock

Dell Technologies (NYSE:DELL) had its price target lifted by equities research analysts at Mizuho from $300.00 to $350.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Mizuho’s price objective suggests a potential upside of 14.71% from the company’s previous close.

A number of other research analysts have also recently commented on DELL. Wells Fargo & Company boosted their price target on Dell Technologies from $180.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Bank of America upped their price objective on Dell Technologies from $246.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Dell Technologies in a report on Wednesday, May 20th. Morgan Stanley raised Dell Technologies from an “underweight” rating to a “buy” rating in a report on Friday, May 22nd. Finally, The Goldman Sachs Group upped their price objective on Dell Technologies from $215.00 to $230.00 in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $216.05.

Dell Technologies Trading Up 0.0%

NYSE DELL opened at $305.11 on Thursday. The stock’s 50 day moving average is $208.08 and its 200 day moving average is $156.33. Dell Technologies has a 12 month low of $106.38 and a 12 month high of $312.14. The stock has a market cap of $197.02 billion, a PE ratio of 34.99, a P/E/G ratio of 1.12 and a beta of 0.99.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results 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 company had revenue of $33.38 billion for the quarter, compared to analysts’ expectations of $31.60 billion. During the same period in the previous year, the firm earned $2.68 EPS. The firm’s revenue was up 39.5% compared to the same quarter last year. On average, analysts forecast that Dell Technologies will post 12.21 EPS for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In other news, insider William F. Scannell sold 143,067 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the sale, the insider directly owned 21,779 shares of the company’s stock, valued at $3,593,535. This represents a 86.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Richard Troy Sharp sold 1,538 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $149.26, for a total value of $229,561.88. Following the sale, the chief accounting officer owned 8,030 shares in the company, valued at $1,198,557.80. The trade was a 16.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,571,688 shares of company stock worth $576,654,105. Company insiders own 41.50% of the company’s stock.

Institutional Trading of Dell Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ariadne Wealth Management LP raised its holdings in Dell Technologies by 1.6% during the 1st quarter. Ariadne Wealth Management LP now owns 3,092 shares of the technology company’s stock valued at $508,000 after buying an additional 49 shares during the period. Bell Investment Advisors Inc grew its position in Dell Technologies by 19.3% in the 1st quarter. Bell Investment Advisors Inc now owns 322 shares of the technology company’s stock valued at $53,000 after acquiring an additional 52 shares during the last quarter. Vectors Research Management LLC grew its position in Dell Technologies by 0.4% in the 1st quarter. Vectors Research Management LLC now owns 14,645 shares of the technology company’s stock valued at $2,404,000 after acquiring an additional 55 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Dell Technologies by 6.9% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,044 shares of the technology company’s stock valued at $171,000 after acquiring an additional 67 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its position in Dell Technologies by 1.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 5,563 shares of the technology company’s stock valued at $789,000 after acquiring an additional 71 shares during the last quarter. Hedge funds and other 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:

• Positive Sentiment: Dell won a $9.7 billion Pentagon software contract, a large win that could strengthen backlog and support future revenue growth. Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump
• Positive Sentiment: The contract headlines reinforced already strong optimism around Dell’s AI infrastructure business, with analysts and investors expecting solid fiscal Q1 results from server demand. Can Strong Demand for AI-Optimized Servers Drive DELL’s Q1 Earnings?
• Positive Sentiment: Sentiment was also helped by Dell’s recent momentum in AI hardware, including a separate $1.6 billion Blackwell systems deal tied to IREN’s data center expansion. IREN to buy Blackwell systems from Dell for about $1.6 billion

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.