Dell Technologies (NYSE:DELL) Sets New 1-Year High Following Analyst Upgrade

Key Points

• Dell Technologies reached a new 1-year high of $149.68 following an analyst upgrade from Bank of America, which raised its price target to $170.00.
• Several brokerages have recently upgraded their ratings on Dell, with 16 analysts rating it a Buy and a current average target price of $148.67.
• The company announced a quarterly dividend of $0.525, indicating a 1.4% dividend yield, with a payout ratio of approximately 30.88%.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) reached a new 52-week high on Wednesday after Bank of America raised their price target on the stock from $167.00 to $170.00. Bank of America currently has a buy rating on the stock. Dell Technologies traded as high as $149.68 and last traded at $149.46, with a volume of 13523003 shares changing hands. The stock had previously closed at $141.77.

A number of other brokerages also recently commented on DELL. Wells Fargo & Company lifted their price target on Dell Technologies from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Evercore ISI increased their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. Barclays boosted their price objective on shares of Dell Technologies from $131.00 to $133.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 17th. Finally, KeyCorp started coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Sixteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $148.67.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Green sold 50,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $140.00, for a total value of $7,000,000.00. Following the completion of the transaction, the director owned 45,045 shares of the company's stock, valued at $6,306,300. This trade represents a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,204,462 shares of company stock worth $420,370,484. Corporate insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

Several large investors have recently made changes to their positions in DELL. Exchange Traded Concepts LLC grew its position 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 acquiring an additional 506 shares in the last quarter. First Hawaiian Bank increased its stake in Dell Technologies by 67.1% during the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company's stock worth $3,179,000 after buying an additional 14,010 shares during the period. Wealthcare Advisory Partners LLC boosted its position in Dell Technologies by 44.9% in the 1st 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. grew 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 acquiring an additional 554 shares in the last quarter. Finally, Westbourne Investments Inc. increased its position in shares of Dell Technologies by 167.5% during the first quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company's stock worth $1,988,000 after acquiring an additional 13,657 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Up 5.4%

The company has a 50 day moving average of $130.82 and a 200 day moving average of $114.04. The firm has a market cap of $100.49 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 0.92 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.03. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. During the same period in the previous year, the business earned $1.89 EPS. Dell Technologies's revenue for the quarter was up 19.0% compared to the same quarter last year. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies's payout ratio is presently 30.88%.

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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