Dell Technologies (NYSE:DELL) Stock Price Expected to Rise, Daiwa Securities Group Analyst Says

Dell Technologies (NYSE:DELLGet Free Report) had its price objective hoisted by analysts at Daiwa Securities Group from $170.00 to $465.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the technology company’s stock. Daiwa Securities Group’s target price would indicate a potential upside of 2.02% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. CLSA raised Dell Technologies to an “outperform” rating in a research note on Friday. Weiss Ratings upgraded shares of Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 15th. Loop Capital raised their price objective on Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a report on Friday. Wolfe Research lowered shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a report on Friday. Finally, UBS Group set a $700.00 price target on Dell Technologies in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $475.76.

View Our Latest Research Report on Dell Technologies

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $455.81 on Tuesday. The firm has a market cap of $294.34 billion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 1.55 and a beta of 1.30. Dell Technologies has a fifty-two week low of $106.38 and a fifty-two week high of $469.47. The firm has a fifty day moving average price of $223.02 and a 200 day moving average price of $161.80.

Dell Technologies (NYSE:DELLGet Free Report) last issued its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The firm had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. During the same quarter last year, the business posted $1.55 earnings per share. The business’s quarterly revenue was up 87.5% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. As a group, research analysts predict that Dell Technologies will post 12.21 earnings per share for the current year.

Insider Activity

In other Dell Technologies news, CAO Richard Troy Sharp sold 1,538 shares of Dell Technologies stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $149.26, for a total value of $229,561.88. Following the completion of the transaction, the chief accounting officer owned 8,030 shares of the company’s stock, valued at approximately $1,198,557.80. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William F. Scannell sold 143,067 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $165.00, for a total value of $23,606,055.00. Following the completion of the transaction, the insider directly owned 21,779 shares of the company’s stock, valued at $3,593,535. The trade was a 86.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,071,687 shares of company stock valued at $501,560,818 over the last 90 days. Company insiders own 41.50% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Providence Capital Advisors LLC acquired a new stake in shares of Dell Technologies in the third quarter valued at approximately $7,060,000. Campbell Capital Management Inc. raised its stake in Dell Technologies by 34.0% during the fourth quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock worth $10,094,000 after purchasing an additional 20,362 shares during the period. ProShare Advisors LLC boosted its holdings in Dell Technologies by 10.5% in the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock valued at $10,157,000 after purchasing an additional 7,642 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $23,332,000. Finally, Prospera Financial Services Inc increased its holdings in shares of Dell Technologies by 54.3% during the 3rd quarter. Prospera Financial Services Inc now owns 41,492 shares of the technology company’s stock worth $5,886,000 after buying an additional 14,604 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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About Dell Technologies

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Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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