Dell Technologies (NYSE:DELL) Hits New 1-Year High - What's Next?

Key Points

• Dell Technologies' stock reached a new 52-week high of $154.80, and last traded at $151.94 with significant trading volume.
• Analysts have recently raised their price targets for Dell Technologies, with Wells Fargo setting a new target at $160, maintaining an "overweight" rating.
• The company has declared a quarterly dividend of $0.525 per share, which will be paid on October 31, representing an annual yield of 1.4%.

Shares of Dell Technologies Inc. (NYSE:DELL - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $154.80 and last traded at $151.94, with a volume of 1010872 shares trading hands. The stock had previously closed at $145.76.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Cowen upped their target price on Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a report on Friday, August 29th. Barclays increased their price target on Dell Technologies from $131.00 to $133.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 17th. Wells Fargo & Company boosted their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Wall Street Zen raised shares of Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, UBS Group raised their target price on Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $148.67.

Dell Technologies Stock Performance

The firm has a market capitalization of $99.50 billion, a P/E ratio of 21.83, a PEG ratio of 0.96 and a beta of 1.05. The firm has a 50 day simple moving average of $132.08 and a two-hundred day simple moving average of $115.50.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.29 by $0.03. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. 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 anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is 30.88%.

Insiders Place Their Bets

In related news, Director William D. Green sold 65,000 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $150.50, for a total value of $9,782,500.00. Following the transaction, the director owned 47,619 shares in the company, valued at approximately $7,166,659.50. This represents a 57.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 2,220 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $146.07, for a total value of $324,275.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,781,682 shares of company stock valued at $505,183,267. 42.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after acquiring an additional 1,145,658 shares during the period. State Street Corp raised its holdings in shares of Dell Technologies by 2.1% in the 2nd quarter. State Street Corp now owns 14,099,317 shares of the technology company's stock valued at $1,728,576,000 after acquiring an additional 292,167 shares in the last quarter. Boston Partners boosted its position in shares of Dell Technologies by 15.0% during the 2nd quarter. Boston Partners now owns 5,904,843 shares of the technology company's stock valued at $725,586,000 after acquiring an additional 771,966 shares during the last quarter. Norges Bank purchased a new position in shares of Dell Technologies during the second quarter worth about $528,279,000. Finally, Deutsche Bank AG lifted its position in Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

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).

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