Mizuho Forecasts Strong Price Appreciation for Dell Technologies (NYSE:DELL) Stock

Dell Technologies (NYSE:DELL) had its target price lifted by equities research analysts at Mizuho from $300.00 to $350.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Mizuho’s target price indicates a potential upside of 14.71% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Barclays increased their price target on shares of Dell Technologies from $148.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Wall Street Zen downgraded shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Wells Fargo & Company increased their price target on shares of Dell Technologies from $180.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Bank of America increased their price target on shares of Dell Technologies from $246.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Raymond James Financial increased their price target on shares of Dell Technologies from $166.00 to $182.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $216.05.

Dell Technologies Stock Up 0.0%

NYSE DELL opened at $305.11 on Thursday. The company has a market cap of $197.02 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99. Dell Technologies has a 52 week low of $106.38 and a 52 week high of $312.14. The firm’s 50-day simple moving average is $208.08 and its two-hundred day simple moving average is $156.33.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.36. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The firm had revenue of $33.38 billion for the quarter, compared to the consensus estimate of $31.60 billion. During the same period in the prior year, the firm posted $2.68 earnings per share. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, equities research analysts anticipate that Dell Technologies will post 12.21 EPS for the current year.

Insiders Place Their Bets

In related news, CFO David Alan Kennedy sold 19,500 shares of the firm’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 sale, the chief financial officer directly owned 183,097 shares of the company’s stock, valued at $33,420,695.41. This trade represents a 9.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William F. Scannell sold 143,067 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the completion of the sale, the insider directly owned 21,779 shares in the company, valued at $3,593,535. This represents a 86.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,571,688 shares of company stock valued at $576,654,105 over the last three months. Corporate insiders own 41.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Providence Capital Advisors LLC bought a new position in shares of Dell Technologies during the 3rd quarter valued at approximately $7,060,000. Campbell Capital Management Inc. grew its stake in shares of Dell Technologies by 34.0% during the 4th quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock valued at $10,094,000 after acquiring an additional 20,362 shares during the period. Lingohr Asset Management GmbH grew its stake in shares of Dell Technologies by 733.9% during the 3rd quarter. Lingohr Asset Management GmbH now owns 58,898 shares of the technology company’s stock valued at $8,320,000 after acquiring an additional 51,835 shares during the period. ProShare Advisors LLC grew its stake in shares of Dell Technologies by 10.5% during the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock valued at $10,157,000 after acquiring an additional 7,642 shares during the period. Finally, Prospera Financial Services Inc grew its stake 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 valued at $5,886,000 after acquiring an additional 14,604 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell won a $9.7 billion Pentagon software contract, a large win that could strengthen backlog and support future revenue growth. Dell wins a $9.7 billion Pentagon software deal after cozying up to Trump
• Positive Sentiment: The contract headlines reinforced already strong optimism around Dell’s AI infrastructure business, with analysts and investors expecting solid fiscal Q1 results from server demand. Can Strong Demand for AI-Optimized Servers Drive DELL’s Q1 Earnings?
• Positive Sentiment: Sentiment was also helped by Dell’s recent momentum in AI hardware, including a separate $1.6 billion Blackwell systems deal tied to IREN’s data center expansion. IREN to buy Blackwell systems from Dell for about $1.6 billion

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.