Dell Technologies (NYSE:DELL) Stock Price Up 3.6% – Here’s What Happened

Shares of Dell Technologies Inc. (NYSE:DELL) rose 3.6% during mid-day trading on Wednesday . The company traded as high as $576.75 and last traded at $563.31. Approximately 12,929,283 shares changed hands during trading, an increase of 54% from the average session volume of 8,418,368 shares. The stock had previously closed at $543.51.

Dell Technologies News Roundup

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

• Positive Sentiment: Dell’s AI backlog and server outlook remain the primary catalysts. Recent coverage highlights record quarterly AI-optimized server revenue of $16.4 billion, a fiscal 2027 AI-server revenue target of $74 billion, and total revenue guidance of $192 billion. Expectations that server revenue could double are reinforcing the long-term growth thesis. Dell AI backlog article
• Positive Sentiment: A broader rally in AI hardware stocks is lifting Dell alongside Hewlett Packard Enterprise and Super Micro Computer. Goldman Sachs’ forecast for a global server market reaching $1.5 trillion by 2030, with a projected 39% compound annual growth rate from 2025, supports expectations for sustained data-center demand. Global server market outlook
• Positive Sentiment: Dell expanded its AI-server offering through a lower-power, 45-watt inference option from Axelera AI. The addition broadens Dell’s product lineup for enterprise workloads, although no specific orders or revenue contribution were disclosed. Dell is also scheduled to join the S&P 100 on September 21, which could create incremental demand from index-tracking funds. Dell and Axelera AI article
• Neutral Sentiment: Michael Dell’s reported $7.7 billion investment in an insurance company is a personal investment and does not materially change Dell Technologies’ operating outlook. Separately, Dell’s recent earnings beat—with $7.04 adjusted EPS and $46.97 billion in revenue—continues to provide a strong fundamental backdrop.
• Negative Sentiment: Silver Lake-affiliated directors reported multiple Dell share sales on September 15, totaling more than $70 million. Several entities reduced their positions by roughly 40% or more, creating a potential supply overhang and signaling profit-taking after the stock’s sharp advance. The affiliated entities, however, still retain significant holdings. Dell insider ownership filing

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DELL shares. Evercore reissued an “outperform” rating and issued a $650.00 price target on shares of Dell Technologies in a report on Wednesday, September 9th. CLSA upgraded shares of Dell Technologies to an “outperform” rating in a report on Friday, May 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. Cantor Fitzgerald initiated coverage on Dell Technologies in a research report on Wednesday, September 2nd. They set an “overweight” rating on the stock. Finally, Barclays boosted their price target on Dell Technologies from $550.00 to $603.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $560.24.

Dell Technologies Trading Up 4.7%

The stock has a market cap of $382.11 billion, a P/E ratio of 34.22, a price-to-earnings-growth ratio of 0.58 and a beta of 1.34. The company’s fifty day simple moving average is $461.85 and its 200-day simple moving average is $337.00.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating the consensus estimate of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The firm’s revenue was up 57.7% on a year-over-year basis. During the same period in the previous year, the business earned $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, analysts expect that Dell Technologies Inc. will post 25.14 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is 14.63%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 4,750 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $547.78, for a total value of $2,601,955.00. Following the sale, the director directly owned 1,390,900 shares in the company, valued at $761,907,202. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 26,990 shares of Dell Technologies stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $552.79, for a total value of $14,919,802.10. Following the transaction, the director directly owned 35,988 shares of the company’s stock, valued at approximately $19,893,806.52. The trade was a 42.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,812,017 shares of company stock valued at $906,850,472 in the last 90 days. 41.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC increased 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 buying an additional 23 shares in the last quarter. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies in the 2nd quarter worth approximately $38,000. Atwood & Palmer Inc. grew its position 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 acquiring an additional 86 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in Dell Technologies during the 2nd quarter worth approximately $43,000. Finally, Allied Private Wealth LLC acquired a new stake in Dell Technologies during the 2nd quarter valued at $63,000. 76.37% of the stock is owned by institutional investors.

Dell Technologies Company Profile

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.