Dell Technologies (NYSE:DELL) Downgraded to Equal Weight Rating by Fox Advisors

Key Points

• Dell Technologies has been downgraded by Fox Advisors from an "overweight" rating to "equal weight," signaling a shift in investor sentiment.
• Despite the downgrade, several other analysts, including Bank of America and Citigroup, maintain a "buy" rating for Dell, with target prices rising to between $155.00 and $167.00.
• Dell reported a strong quarterly performance with earnings per share of $2.32, exceeding expectations, alongside a revenue increase of 19% year-over-year.

Dell Technologies (NYSE:DELL - Get Free Report) was downgraded by equities researchers at Fox Advisors from an "overweight" rating to an "equal weight" rating in a research report issued to clients and investors on Friday, Marketbeat reports.

DELL has been the subject of a number of other research reports. Bank of America increased their target price on shares of Dell Technologies from $165.00 to $167.00 and gave the stock a "buy" rating in a research report on Friday. Evercore ISI increased their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Mizuho increased their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Barclays increased their price objective on shares of Dell Technologies from $123.00 to $131.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Morgan Stanley increased their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $145.24.

Dell Technologies Stock Performance

DELL traded down $13.67 on Friday, reaching $120.38. 7,249,600 shares of the company's stock were exchanged, compared to its average volume of 7,032,782. The company's 50 day moving average is $129.10 and its 200-day moving average is $110.37. The company has a market cap of $81.72 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 0.92 and a beta of 1.02. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The firm had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company's revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Sell-side analysts forecast that Dell Technologies will post 6.93 EPS for the current year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the transaction, the director owned 938,741 shares of the company's stock, valued at $105,918,147.03. The trade was a 35.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the sale, the insider owned 56,429 shares in the company, valued at $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,989,063 shares of company stock valued at $1,583,673,412 over the last quarter. Insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its stake in Dell Technologies by 25.9% in the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after buying an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Dell Technologies by 44.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after buying an additional 809 shares during the last quarter. Mather Group LLC. raised its stake in shares of Dell Technologies by 113.3% during the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after purchasing an additional 554 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Dell Technologies by 54.6% during the first quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock valued at $402,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Dell Technologies by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after purchasing an additional 4,977 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).