Dell Technologies (NYSE:DELL) Price Target Raised to $460.00 at Argus

Dell Technologies (NYSE:DELL) had its price target raised by Argus from $200.00 to $460.00 in a research note released on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the technology company’s stock.

Several other research firms have also issued reports on DELL. Piper Sandler upped their target price on Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a report on Friday. Truist Financial began coverage on Dell Technologies in a report on Tuesday, March 31st. They set a “hold” rating and a $170.00 target price on the stock. Barclays upped their target price on Dell Technologies from $168.00 to $550.00 and gave the stock an “overweight” rating in a report on Friday. Evercore upped their target price on Dell Technologies from $240.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Finally, Melius Research set a $565.00 target price on Dell Technologies in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $421.00.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $420.96 on Friday. The firm has a market cap of $271.83 billion, a price-to-earnings ratio of 33.44, a price-to-earnings-growth ratio of 1.16 and a beta of 0.99. The stock’s 50-day moving average is $216.82 and its 200-day moving average is $159.38. Dell Technologies has a one year low of $106.38 and a one year high of $429.15.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $1.82. The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a negative return on equity of 324.36% and a net margin of 6.28%.The company’s quarterly revenue was up 87.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. 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. On average, equities analysts expect that Dell Technologies will post 12.21 EPS for the current year.

Insider Transactions at Dell Technologies

In other Dell Technologies news, COO Jeffrey W. Clarke sold 116,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $182.48, for a total value of $21,167,680.00. Following the sale, the chief operating officer owned 1,687,414 shares in the company, valued at $307,919,306.72. This represents a 6.43% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Alan Kennedy sold 19,500 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $182.53, for a total value of $3,559,335.00. Following the completion of the sale, the chief financial officer owned 183,097 shares in the company, valued at $33,420,695.41. This represents a 9.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. Company insiders own 41.50% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently made changes to their positions in DELL. Commonwealth Retirement Investments LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $25,000. Rossby Financial LCC grew its position in shares of Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares during the last quarter. Navalign LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $29,000. Finally, WealthCollab LLC grew its position in shares of Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Trending Headlines about Dell Technologies

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Dell reported revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above Wall Street expectations, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI server demand was the main catalyst: Dell said AI-optimized server revenue jumped 757% to $16.1 billion, with $24.4 billion of AI orders and a record backlog, showing demand remains very strong. Reuters: Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Management raised full-year guidance to $165 billion-$169 billion in revenue and lifted AI-server revenue expectations, which suggests the growth surge may continue into the next quarters. WSJ: Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets sharply, which can add momentum to the stock. Benzinga: Dell’s AI-Fueled Surge May Be Far From Over
• Neutral Sentiment: The Pentagon contract is strategically important and supports Dell’s enterprise/software relationships, but investors appear to be focusing more on the AI-server earnings beat than the contract itself. CNBC: Dell wins a $9.7 billion Pentagon software deal

About Dell Technologies

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.