Dell Technologies (NYSE:DELL) Reaches New 12-Month High – Here’s What Happened

Analysts' Ratings and Price Targets - Bank of America raised the target price for Dell Technologies from $135.00 to $155.00 and assigned a "buy" rating [1] - Piper Sandler reduced their price target from $172.00 to $167.00, maintaining an "overweight" rating [1] - Evercore set a price objective of $160.00 with an "outperform" rating [1] - Raymond James Financial increased their target price from $166.00 to $182.00, also giving an "outperform" rating [1] - The consensus rating for Dell Technologies is "Moderate Buy" with a price target of $163.28 [1] Financial Performance - Dell Technologies reported earnings per share (EPS) of $3.89, exceeding the consensus estimate of $3.53 by $0.36 [3] - The company achieved revenue of $33.38 billion for the quarter, surpassing the consensus estimate of $31.60 billion, marking a 39.5% increase year-over-year [3] - The net margin was reported at 5.23%, with a negative return on equity of 236.90% [3] - Guidance for Q1 2027 is set at 2.900 EPS, and FY 2027 guidance is at 12.900 EPS [3] Dividend Information - Dell Technologies declared a quarterly dividend of $0.63 per share, an increase from the previous $0.53 [4] - The annualized dividend amounts to $2.52, resulting in a dividend yield of 1.6% [4] - The current dividend payout ratio is 28.90% [4] Insider Trading Activity - CMO Jane Tunnell sold 28,529 shares at an average price of $152.51, totaling approximately $4.35 million, reducing her ownership by 34.83% [5] - Director Ellen Jamison Kullman sold 150,346 shares at an average price of $145.13, totaling approximately $21.82 million, reducing her ownership by 69.60% [5] - Over the last 90 days, insiders sold 1,540,917 shares valued at $230.22 million, with insiders owning 42.00% of the stock [5] Stock Performance - Dell Technologies' stock reached a new 52-week high of $169.90, last trading at $163.7190 with a volume of 4,511,707 shares [6] Institutional Ownership - 76.37% of Dell Technologies' stock is owned by institutional investors and hedge funds [7] - Recent purchases include new positions from Commonwealth Retirement Investments LLC and Rossby Financial LCC, which increased their stake by 968.4% [7] Company Overview - Dell Technologies is a multinational technology company that offers a wide range of IT products, solutions, and services, including client computing devices, enterprise infrastructure, software, and professional services [8] - The company aims to enable digital transformation and modern IT environments for organizations of all sizes and individual consumers [8] Company History - Founded by Michael Dell in 1984, the company evolved from a direct-to-consumer PC business into a diversified IT provider through organic growth and strategic acquisitions [9]