Dell Technologies (NYSE:DELL) Trading Up 2.5% – Here’s Why

Dell Technologies Inc. (NYSE:DELL)’s stock price was up 2.5% during trading on Tuesday . The company traded as high as $135.00 and last traded at $133.7520. Approximately 5,347,699 shares traded hands during trading, a decline of 26% from the average daily volume of 7,184,838 shares. The stock had previously closed at $130.51.

Wall Street Analyst Weigh In

Several brokerages recently commented on DELL. Bank of America upped their price target on shares of Dell Technologies from $160.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Sanford C. Bernstein boosted their target price on Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on Dell Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Barclays dropped their price objective on Dell Technologies from $151.00 to $148.00 and set an “equal weight” rating for the company in a report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. upped their price objective on Dell Technologies from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Sixteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $162.84.

Dell Technologies Stock Performance

The stock has a market capitalization of $89.93 billion, a PE ratio of 17.83, a P/E/G ratio of 0.87 and a beta of 1.03. The company’s fifty day simple moving average is $143.18 and its two-hundred day simple moving average is $132.66.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.12. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The company had revenue of $27.01 billion during the quarter, compared to analysts’ expectations of $27.26 billion. During the same period in the previous year, the firm posted $2.15 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS and its Q4 2026 guidance at 3.500-3.500 EPS. Sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, January 20th. Dell Technologies’s dividend payout ratio is presently 28.00%.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen Jamison Kullman sold 79,806 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total value of $12,255,009.36. Following the sale, the director directly owned 65,662 shares of the company’s stock, valued at approximately $10,083,056.72. This trade represents a 54.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,008,030 shares of company stock valued at $576,159,860 in the last 90 days. 42.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dell Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after purchasing an additional 901 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Dell Technologies by 9.0% during the first quarter. Public Sector Pension Investment Board now owns 47,141 shares of the technology company’s stock worth $4,297,000 after buying an additional 3,880 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of Dell Technologies by 30.6% in the first quarter. Kovitz Investment Group Partners LLC now owns 25,096 shares of the technology company’s stock worth $2,288,000 after buying an additional 5,884 shares during the last quarter. Aberdeen Group plc raised its holdings in Dell Technologies by 144.0% in the first quarter. Aberdeen Group plc now owns 242,074 shares of the technology company’s stock valued at $21,738,000 after acquiring an additional 142,863 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Dell Technologies by 14.4% during the 1st quarter. American Century Companies Inc. now owns 29,962 shares of the technology company’s stock valued at $2,731,000 after acquiring an additional 3,763 shares during the last quarter. Hedge funds and other institutional investors 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).