Dell Technologies (NYSE:DELL) Shares Up 1.3% on Analyst Upgrade

Key Points

• Daiwa Capital Markets upgraded Dell Technologies' stock price target from $125.00 to $140.00, contributing to a 1.3% increase in shares during trading.
• JPMorgan Chase raised their price target to $145.00 and provided an "overweight" rating, while sixteen analysts have given the stock a buy rating.
• Dell Technologies announced a quarterly dividend of $0.525 per share, with an annualized yield of 1.6%, scheduled for payment on October 31st.

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s share price traded up 1.3% on Thursday after Daiwa Capital Markets raised their price target on the stock from $125.00 to $140.00. Daiwa Capital Markets currently has an outperform rating on the stock. Dell Technologies traded as high as $133.65 and last traded at $132.09. 5,511,149 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 7,110,795 shares. The stock had previously closed at $130.34.

Several other equities analysts have also issued reports on the stock. Citigroup lifted their price objective on shares of Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 11th. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Susquehanna reiterated a "neutral" rating and set a $125.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 13th. Evercore ISI lifted their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Finally, Fox Advisors downgraded shares of Dell Technologies from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 29th. Sixteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $147.67.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm's stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the firm's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $127.00, for a total transaction of $76,200,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,693,392 shares of company stock valued at $1,568,257,000 over the last quarter. Company insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of DELL. Reynders McVeigh Capital Management LLC acquired a new stake in Dell Technologies during the 2nd quarter worth $261,000. Orion Porfolio Solutions LLC raised its stake in Dell Technologies by 8.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 4,414 shares of the technology company's stock worth $541,000 after acquiring an additional 327 shares in the last quarter. Stance Capital LLC raised its stake in Dell Technologies by 260.5% during the 2nd quarter. Stance Capital LLC now owns 11,752 shares of the technology company's stock worth $1,441,000 after acquiring an additional 8,492 shares in the last quarter. MRP Capital Investments LLC raised its stake in Dell Technologies by 13.5% during the 2nd quarter. MRP Capital Investments LLC now owns 17,001 shares of the technology company's stock worth $2,084,000 after acquiring an additional 2,026 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Dell Technologies during the 2nd quarter worth $33,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Up 0.1%

The company's 50 day moving average is $129.71 and its 200 day moving average is $112.16. The stock has a market capitalization of $88.89 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 0.90 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 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. The company had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 earnings per share. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid a $0.525 dividend. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. Dell Technologies's payout ratio is currently 30.88%.

Dell Technologies Company Profile

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).