Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays raised its price target for Dell Technologies from $131.00 to $133.00, indicating a potential upside of 0.64% from the previous close.
• Analysts generally have a consensus rating of "Moderate Buy" for Dell Technologies, with a consensus price target of $148.12 based on 15 buy ratings and 6 hold ratings.
• Recently, insiders have sold a significant number of shares, totaling over 11 million shares worth approximately $1.4 billion in the last ninety days.

Dell Technologies (NYSE:DELL - Get Free Report) had its price target upped by investment analysts at Barclays from $131.00 to $133.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the technology company's stock. Barclays's price target would suggest a potential upside of 0.64% from the company's previous close.

A number of other analysts have also recently commented on DELL. TD Cowen boosted their price objective on Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, August 29th. Evercore ISI upped their price target on Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. The Goldman Sachs Group set a $140.00 price target on Dell Technologies and gave the company a "buy" rating in a research note on Thursday, August 28th. KeyCorp started coverage on Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating on the stock. Finally, UBS Group increased their price objective on Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a report on Friday, August 29th. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $148.12.

Dell Technologies Stock Performance

NYSE DELL opened at $132.16 on Wednesday. The company has a market capitalization of $88.86 billion, a P/E ratio of 19.23, a P/E/G ratio of 0.87 and a beta of 1.01. Dell Technologies has a one year low of $66.25 and a one year high of $147.66. The stock has a 50 day moving average price of $129.46 and a 200-day moving average price of $111.29.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share 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 the consensus estimate of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company earned $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. As a group, equities analysts predict that Dell Technologies will post 6.93 EPS for the current fiscal year.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the transaction, the director directly owned 980,295 shares in the company, valued at $125,046,430.20. The trade was a 37.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $123.50, for a total transaction of $751,621.00. Following the completion of the transaction, the director owned 986,261 shares of the company's stock, valued at approximately $121,803,233.50. This trade represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,527,667 shares of company stock worth $1,417,204,568. 42.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors have recently added to or reduced their stakes in DELL. Norges Bank purchased a new position in shares of Dell Technologies in the second quarter worth approximately $528,279,000. Boston Partners raised its stake in Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Dell Technologies by 628.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,374,078 shares of the technology company's stock worth $168,462,000 after purchasing an additional 1,185,454 shares during the last quarter. Vanguard Group Inc. lifted its stake in Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after purchasing an additional 1,145,658 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Dell Technologies by 38.1% in 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 period. Hedge funds and other institutional investors own 76.37% of the company's stock.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.