Dell Technologies (NYSE:DELL) Stock Price Target Raised at Mizuho

Key Points

• Mizuho raised Dell Technologies’ price target from $600 to $650 and maintained an “outperform” rating, implying 17.74% potential upside. The analyst consensus remains “Moderate Buy,” with an average target of $571.12.
• Dell reported strong quarterly results, including $7.04 earnings per share versus the $4.91 consensus estimate and $46.97 billion in revenue, up 57.7% year over year.
• Shares opened at $552.09 after falling 1.9%, while insiders sold approximately $994.9 million of stock over the past 90 days; institutional investors own 76.37% of the company.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target raised by Mizuho from $600.00 to $650.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the technology company's stock. Mizuho's price target would suggest a potential upside of 17.74% from the company's current price.

A number of other analysts have also recently weighed in on DELL. Susquehanna reaffirmed a "positive" rating on shares of Dell Technologies in a research report on Tuesday, September 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Dell Technologies in a report on Wednesday, August 12th. Sanford C. Bernstein boosted their target price on Dell Technologies from $500.00 to $650.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Fox Advisors raised Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 target price for the company in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $571.12.

Dell Technologies Stock Down 1.9%

DELL stock opened at $552.09 on Tuesday. The firm has a 50 day moving average of $493.23 and a two-hundred day moving average of $371.03. Dell Technologies has a 12 month low of $110.22 and a 12 month high of $595.51. The company has a market capitalization of $351.02 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 0.58 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. Dell Technologies's revenue for the quarter was up 57.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. On average, research analysts expect that Dell Technologies will post 25.13 EPS for the current fiscal year.

Insider Buying and Selling at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 7,994 shares of the business's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $569.77, for a total value of $4,554,741.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lynn Vojvodich Radakovich sold 2,022 shares of Dell Technologies stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $565.28, for a total value of $1,142,996.16. Following the transaction, the director directly owned 25,267 shares of the company's stock, valued at approximately $14,282,929.76. The trade was a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,906,193 shares of company stock worth $994,871,197 in the last 90 days. 41.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds have recently made changes to their positions in DELL. Plato Investment Management Ltd acquired a new position in shares of Dell Technologies in the 2nd quarter valued at approximately $5,913,000. Gabelli Funds LLC raised its holdings in Dell Technologies by 49.0% during the 1st quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company's stock worth $7,565,000 after buying an additional 15,150 shares during the period. Deutsche Bank AG raised its holdings 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 period. Segall Bryant & Hamill LLC bought a new position in Dell Technologies in the first quarter valued at approximately $5,930,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Dell Technologies by 71.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,166 shares of the technology company's stock valued at $2,660,000 after buying an additional 2,576 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Company Profile

Dell Technologies Inc NYSE: DELL is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.

The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.

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