Uncovering Institutional Buying In Dell Technologies Inc (NYSE: DELL)

Currently, there are 709.22M common shares owned by the public and among those 268.23M shares have been available to trade.

The company’s stock has a 5-day price change of 3.85% and 26.15% over the past three months. DELL shares are trading 76.44% year to date (YTD), with the 12-month market performance up to 173.35% higher. It has a 12-month low price of $48.63 and touched a high of $179.70 over the same period. DELL has an average intraday trading volume of 11.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.07%, 1.25%, and 44.09% respectively.

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Institutional ownership of Dell Technologies Inc (NYSE: DELL) shares accounts for 29.31% of the company’s 709.22M shares outstanding.

It has a market capitalization of $95.73B and a beta (3y monthly) value of 0.92. The stock’s trailing 12-month PE ratio is 27.57, while the earnings-per-share (ttm) stands at $4.90. The company has a PEG of 34.04 and a Quick Ratio of 0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.59% over the week and 5.57% over the month.

Earnings per share for the fiscal year are expected to increase by 8.89%, and 18.40% over the next financial year.

Looking at the support for the DELL, a number of firms have released research notes about the stock. TD Cowen stated their Hold rating for the stock in a research note on May 31, 2024, with the firm’s price target at $105-$155. BofA Securities coverage for the Dell Technologies Inc (DELL) stock in a research note released on May 29, 2024 offered a Buy rating with a price target of $180. Wells Fargo was of a view on May 21, 2024 that the stock is Overweight, while Citigroup gave the stock Buy rating on May 21, 2024, issuing a price target of $125- $170. Barclays on their part issued Underweight rating on May 21, 2024.

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