Dell Technologies (NYSE:DELL) Upgraded at Wall Street Zen

Key Points

• Dell Technologies has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting increased confidence in the company's performance.
• Fourteen analysts have rated Dell with a Buy rating, while the average target price for the stock is set at $146.31.
• In the past 90 days, insiders have sold a total of 11.6 million shares of Dell stock, indicating a significant reduction in their ownership positions.

Dell Technologies (NYSE:DELL - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

A number of other research firms have also recently weighed in on DELL. KeyCorp started coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Morgan Stanley lifted their price objective on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Raymond James Financial lifted their price objective on Dell Technologies from $150.00 to $152.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Barclays lifted their price objective on Dell Technologies from $123.00 to $131.00 and gave the company an "equal weight" rating in a research report on Friday, August 29th. Finally, Bank of America lifted their price objective on Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $146.31.

Dell Technologies Stock Down 0.3%

DELL stock opened at $124.98 on Friday. Dell Technologies has a twelve month low of $66.25 and a twelve month high of $147.66. The stock has a market cap of $84.84 billion, a P/E ratio of 18.38, a PEG ratio of 0.86 and a beta of 1.01. The business's 50-day moving average price is $129.36 and its 200-day moving average price is $111.01.

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 for the quarter, beating analysts' consensus estimates 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 firm had revenue of $29.78 billion for the quarter, compared to analysts' expectations of $29.14 billion. During the same period in the previous year, the firm earned $1.89 EPS. The business's quarterly 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. On average, equities research analysts expect that Dell Technologies will post 6.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, Director William D. Green sold 50,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was 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 directly owned 45,045 shares in the company, valued at $6,306,300. This represents a 52.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,618,897 shares of company stock worth $1,428,008,024 over the last ninety days. 42.00% of the stock is owned by company insiders.

Institutional Trading of Dell Technologies

Several hedge funds have recently modified their holdings of DELL. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies during the 1st quarter worth approximately $25,000. Winnow Wealth LLC purchased a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dell Technologies during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new stake in shares of Dell Technologies during the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of Dell Technologies during the 1st quarter worth approximately $27,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

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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