After this morning's 1.8% surge to $57.22 per share, Dell Technologies might just keep moving past its target price of $56.83. With an average analyst rating of buy, and target prices from $45.0 to $65.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 2.7%, and a short ratio of 2.02. The company's insiders own 3.32% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 77.1% of Dell Technologies's shares being owned by this investor type.
Institutions Invested in Dell Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 7% | 17,055,828 | $975,934,498 |
| 2023-06-30 | Dodge & Cox Inc | 7% | 16,563,958 | $947,789,696 |
| 2023-06-30 | Blackrock Inc. | 5% | 12,499,511 | $715,222,034 |
| 2023-06-30 | Boston Partners | 4% | 9,783,243 | $559,797,176 |
| 2023-06-30 | Arrowstreet Capital, Limited Partnership | 3% | 6,893,938 | $394,471,140 |
| 2023-06-30 | Citadel Advisors Llc | 2% | 5,964,548 | $341,291,443 |
| 2023-06-30 | Lsv Asset Management | 2% | 5,925,260 | $339,043,384 |
| 2023-06-30 | FMR, LLC | 2% | 5,876,914 | $336,277,026 |
| 2023-06-30 | Ameriprise Financial, Inc. | 2% | 5,065,002 | $289,819,420 |
| 2023-06-30 | Point72 Asset Management, L.P. | 2% | 4,358,244 | $249,378,727 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Dell Technologies.
