Dell Technologies (NYSE:DELL) Trading 1.7% Higher – Still a Buy?

Shares of Dell Technologies Inc. (NYSE:DELL) rose 1.7% during mid-day trading on Tuesday . The stock traded as high as $568.67 and last traded at $543.51. 9,569,636 shares were traded during trading, an increase of 14% from the average daily volume of 8,391,254 shares. The stock had previously closed at $534.28.

Key Dell Technologies News

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

• Positive Sentiment: Analyst optimism supports the rally. RBC Capital Markets’ Outperform rating and $640 price target imply further upside, while other analysts say Dell’s strong quarterly results and AI-server backlog could support additional gains. Dell Technologies Rallies on Bullish RBC Outlook
• Positive Sentiment: AI infrastructure demand remains the central growth story. Dell’s servers are benefiting from spending on data centers and agentic AI, with recent earnings showing revenue growth of 57.7% year over year and EPS well above consensus. Analyst Bets Dell Can Gain Further
• Positive Sentiment: Axelera AI chips expand Dell’s product flexibility. Europe-based Axelera is adding an inference-chip option to Dell servers, potentially strengthening Dell’s position with AI customers, although the near-term sales opportunity is small relative to the company’s backlog. Dell Jumps as Axelera Chips Enter Its Servers
• Neutral Sentiment: Investor attention is also on management commentary and capital allocation. CFO David Kennedy spoke at Citi’s TMT Conference, while Dell is reportedly considering a roughly $4 billion investment-grade bond offering primarily to refinance 2026 maturities. The refinancing could improve liquidity management but would increase scrutiny of debt levels. Why Is Dell Stock Rising Today
• Negative Sentiment: Risks include elevated expectations and AI-spending concerns. Dell recently sold off alongside AI hardware stocks amid worries that customers could slow capital spending, while reported insider stock sales add supply pressure. After a gain of more than 300% over the past year and a record high, profit-taking and valuation risk remain important near-term headwinds. Dell Stock Tumbles as AI Spending Concerns Emerge

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DELL shares. JPMorgan Chase & Co. raised their price target on Dell Technologies from $565.00 to $635.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Argus boosted their price objective on shares of Dell Technologies from $200.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Wolfe Research downgraded shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a report on Friday, May 29th. Weiss Ratings restated a “buy (b)” rating on shares of Dell Technologies in a research report on Wednesday, August 12th. Finally, Roth Capital assumed coverage on shares of Dell Technologies in a report on Friday, May 29th. They issued a “buy” rating on the stock. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $560.24.

Dell Technologies Trading Up 1.7%

The business has a 50 day simple moving average of $453.91 and a two-hundred day simple moving average of $327.82. The company has a market cap of $352.25 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 0.59 and a beta of 1.34.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 578.85% and a net margin of 7.53%.The business’s revenue for the quarter was up 57.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 earnings per share. 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. On average, equities research analysts expect that Dell Technologies Inc. will post 25.14 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be issued a $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.5%. Dell Technologies’s payout ratio is 14.63%.

Insider Transactions at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the transaction, the director directly owned 64,209 shares in the company, valued at $33,217,884.06. This represents a 58.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 shares were sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the completion of the sale, the director 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,607,499 shares of company stock valued at $795,172,212. Corporate insiders own 41.50% of the company’s stock.

Institutional Trading of Dell Technologies

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

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.