Fintel reports that on August 13, 2024, Barclays upgraded their outlook for Dell Technologies (NYSE:DELL) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 72.42% Upside
As of August 6, 2024, the average one-year price target for Dell Technologies is $164.27/share. The forecasts range from a low of $97.97 to a high of $194.25. The average price target represents an increase of 72.42% from its latest reported closing price of $95.27 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dell Technologies is 96,970MM, an increase of 8.05%. The projected annual non-GAAP EPS is 6.86.
What is the Fund Sentiment?
There are 1,657 funds or institutions reporting positions in Dell Technologies. This is an increase of 276 owner(s) or 19.99% in the last quarter. Average portfolio weight of all funds dedicated to DELL is 0.34%, an increase of 4.87%. Total shares owned by institutions increased in the last three months by 0.63% to 225,257K shares. 
The put/call ratio of DELL is 0.60, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 13,456K shares representing 4.30% ownership of the company. In its prior filing, the firm reported owning 7,326K shares , representing an increase of 45.56%. The firm increased its portfolio allocation in DELL by 118.72% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 7,812K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 8,434K shares , representing a decrease of 7.96%. The firm increased its portfolio allocation in DELL by 21.87% over the last quarter.
Boston Partners holds 7,711K shares representing 2.47% ownership of the company. In its prior filing, the firm reported owning 9,576K shares , representing a decrease of 24.19%. The firm increased its portfolio allocation in DELL by 8.14% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,577K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 7,987K shares , representing a decrease of 5.41%. The firm increased its portfolio allocation in DELL by 29.01% over the last quarter.
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main holds 7,415K shares representing 2.37% ownership of the company. In its prior filing, the firm reported owning 3,715K shares , representing an increase of 49.91%. The firm increased its portfolio allocation in DELL by 711.68% over the last quarter.
Dell Technologies Background Information
(This description is provided by the company.)
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
