Dell Technologies (NYSE:DELL) Stock Price Up 9.5% - What's Next?

Key Points

• Dell Technologies' stock price surged by 9.5% on Wednesday, reaching a last traded price of $165.21, following a decline in average trading volume by 51%.
• Analysts have raised their price targets for Dell, with Wells Fargo increasing it to $180.00 and UBS raising it to $186.00, reflecting a consensus rating of "Moderate Buy" among 16 analysts.
• Dell reported a quarterly net revenue of $29.78 billion, exceeding expectations and showing a 19.0% year-over-year increase, alongside a recently announced dividend of $0.525 per share.

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price shot up 9.5% on Wednesday . The stock traded as high as $160.30 and last traded at $165.21. 3,491,941 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 7,161,429 shares. The stock had previously closed at $150.87.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DELL. KeyCorp began coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $160.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday. Cowen reaffirmed a "hold" rating on shares of Dell Technologies in a report on Friday, August 29th. Raymond James Financial lifted their target price on shares of Dell Technologies from $150.00 to $152.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Finally, UBS Group lifted their target price on shares of Dell Technologies from $155.00 to $186.00 and gave the company a "buy" rating in a report on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.17.

Dell Technologies Price Performance

The company has a market cap of $108.25 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.00 and a beta of 1.05. The business's 50-day simple moving average is $132.43 and its 200-day simple moving average is $115.74.

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, topping analysts' consensus estimates 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 business had revenue of $29.78 billion during the quarter, compared to analysts' expectations of $29.14 billion. During the same period last year, the company posted $1.89 EPS. The company's revenue 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. As a group, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed 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. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio is currently 30.88%.

Insider Buying and Selling

In other news, Director William D. Green sold 65,000 shares of Dell Technologies stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $150.50, for a total transaction of $9,782,500.00. Following the completion of the sale, the director directly owned 47,619 shares in the company, valued at $7,166,659.50. The trade was a 57.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lynn Vojvodich Radakovich sold 725 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $126.39, for a total transaction of $91,632.75. Following the transaction, the director directly owned 23,680 shares in the company, valued at $2,992,915.20. The trade was a 2.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,781,682 shares of company stock worth $505,183,267 in the last ninety days. 42.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Hedge funds have recently made changes to their positions in the business. Wedmont Private Capital increased its stake in Dell Technologies by 8.2% in the third quarter. Wedmont Private Capital now owns 2,662 shares of the technology company's stock valued at $402,000 after purchasing an additional 201 shares during the last quarter. Czech National Bank increased its stake in shares of Dell Technologies by 5.2% during the 3rd quarter. Czech National Bank now owns 77,006 shares of the technology company's stock valued at $10,917,000 after acquiring an additional 3,778 shares during the last quarter. Accel Wealth Management purchased a new position in shares of Dell Technologies during the 3rd quarter worth about $212,000. ST Germain D J Co. Inc. boosted its position in shares of Dell Technologies by 71.0% in the third quarter. ST Germain D J Co. Inc. now owns 3,131 shares of the technology company's stock worth $444,000 after acquiring an additional 1,300 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Dell Technologies in the third quarter valued at approximately $125,000. Institutional investors and hedge funds 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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