Dell Technologies (NYSE:DELL) Price Target Raised to $170.00

Dell Technologies (NYSE:DELL) had its price objective boosted by Bank of America from $167.00 to $170.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other research firms also recently commented on DELL. Citigroup increased their price objective on Dell Technologies from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Fox Advisors downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Cowen restated a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th. Wells Fargo & Company increased their price target on Dell Technologies from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.67.

Dell Technologies Price Performance

NYSE DELL opened at $140.64 on Wednesday. The company has a 50 day simple moving average of $131.84 and a 200-day simple moving average of $114.93. The firm has a market capitalization of $94.56 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. Dell Technologies has a 52-week low of $66.25 and a 52-week high of $152.10.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, topping 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 the consensus estimate of $29.14 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. The firm’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. On average, analysts predict that Dell Technologies will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

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 paid a $0.525 dividend. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Lynn Vojvodich Radakovich sold 725 shares of Dell Technologies stock in a transaction 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 sale, the director owned 23,680 shares in the company, valued at $2,992,915.20. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 2,220 shares of Dell Technologies stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $146.07, for a total transaction of $324,275.40. The disclosure for this sale can be found here. Insiders have sold 3,781,682 shares of company stock worth $505,183,267 over the last three months. 42.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently bought and sold shares of the business. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies during the first quarter valued at $25,000. Winnow Wealth LLC bought a new position in shares of Dell Technologies during the second quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Dell Technologies in the first quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in shares of Dell Technologies in the first quarter valued at about $27,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Dell Technologies in the first quarter valued at about $27,000. 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).