Dell Technologies (NYSE:DELL) Stock Price Up 11.8% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) shares rose 11.8% during trading on Friday . The stock traded as high as $567.75 and last traded at $566.6220. 14,327,152 shares traded hands during trading, an increase of 71% from the average daily volume of 8,372,855 shares. The stock had previously closed at $506.62.

Dell Technologies News Summary

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

• Positive Sentiment: Royal Bank of Canada initiated coverage with an Outperform rating and a $640 price target. RBC cited enterprise AI investment, compute modernization, storage expansion and PC refresh cycles as drivers that could keep Dell’s results above its long-term targets. RBC initiates Dell coverage
• Positive Sentiment: Oracle’s reported spending plans, including approximately $95 billion in capital expenditures, provided an upbeat read-through for suppliers of AI data-center hardware. Dell is viewed as a major vendor of Nvidia-based servers and related equipment, strengthening investor confidence in its AI opportunity. Dell and HPE benefit from Oracle spending
• Positive Sentiment: Dell’s latest reported quarter showed strong operating momentum: EPS was $7.04 versus a $4.91 consensus estimate, while revenue reached $46.97 billion, up 57.7% year over year. AI-server orders totaled about $60.9 billion, supported by an approximately $95 billion backlog. Dell AI server orders and backlog
• Positive Sentiment: Management commentary that the structural shortage of AI computing capacity could worsen in 2027 reinforces expectations for prolonged demand. Supply shortages affecting Dell also suggest that customer demand remains ahead of available hardware capacity. Dell CEO discusses AI compute shortages
• Neutral Sentiment: Dell plans to raise about $4 billion through a bond offering to refinance debt. The transaction could improve financial flexibility, but investors will monitor borrowing costs, leverage and the company’s ability to convert its backlog into cash flow. Dell bond offering
• Negative Sentiment: Several insiders, including Silver Lake-affiliated entities and Dell’s chief marketing officer, recently sold shares near record levels. The sales may reflect diversification or planned liquidity needs, but they add a modest sentiment headwind. In addition, elevated valuation and potential Federal Reserve rate increases could increase volatility after the stock’s large rally. Dell insider selling

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a research note on Thursday, September 3rd. They issued a “hold” rating and a $480.00 price target on the stock. William Blair started coverage on Dell Technologies in a report on Monday, June 1st. They issued a “neutral” rating for the company. Bank of America lifted their target price on Dell Technologies from $505.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, August 31st. Cantor Fitzgerald started coverage on Dell Technologies in a research report on Wednesday, September 2nd. They set an “overweight” rating for the company. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $625.00 price target for the company in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $560.24.

Dell Technologies Trading Up 11.8%

The firm’s 50 day moving average price is $451.44 and its two-hundred day moving average price is $323.46. The company has a market capitalization of $367.23 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 0.59 and a beta of 1.34.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.91 by $2.13. The business had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. Dell Technologies’s revenue was up 57.7% on a year-over-year basis. During the same period last year, the business posted $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 25.14 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is presently 14.63%.

Insider Buying and Selling

In related news, Director Spv-2 L.P. Sl sold 83,006 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the transaction, the director directly owned 73,185 shares of the company’s stock, valued at approximately $37,861,527.90. The trade was a 53.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $47,176,751.94. Following the sale, the director directly owned 64,209 shares of the company’s stock, valued at $33,217,884.06. This represents a 58.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,432,945 shares of company stock worth $694,663,063 over the last three months. 41.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Financial Management LLC boosted its holdings in shares of Dell Technologies by 56.1% during the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after acquiring an additional 23 shares during the period. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the second quarter worth approximately $38,000. Atwood & Palmer Inc. lifted its holdings in Dell Technologies by 860.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company’s stock worth $41,000 after purchasing an additional 86 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in Dell Technologies in the 2nd quarter valued at $43,000. Finally, Allied Private Wealth LLC acquired a new position in Dell Technologies in the 2nd quarter valued at $63,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

About Dell Technologies

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.