Dell Technologies (NYSE:DELL) Trading 1.8% Higher – Here’s Why

Dell Technologies Inc. (NYSE:DELL)’s share price traded up 1.8% during mid-day trading on Friday . The company traded as high as $534.99 and last traded at $525.66. 10,912,978 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 8,374,354 shares. The stock had previously closed at $516.39.

Dell Technologies News Roundup

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

• Positive Sentiment: AI demand remains the primary catalyst. Dell reported record AI-server orders and a roughly $95 billion backlog, supporting expectations for sustained data-center growth. Broad enterprise IT-refresh demand is providing an additional tailwind. DELL Stock Hits 52-Week High: Does it Have More Room to Run?
• Positive Sentiment: The latest earnings beat reset expectations higher. Dell posted quarterly revenue of $46.97 billion, up 57.7% year over year and above the $44.89 billion consensus. Adjusted earnings of $7.04 per share exceeded estimates by $2.13, while management raised its fiscal outlook. Dell Technologies Raises the Bar Again as AI Demand Fuels Another Strong Quarter
• Positive Sentiment: Analyst support strengthened. Goldman Sachs increased its price target by $60, while JPMorgan raised its target to $635. Other firms, including UBS, Morgan Stanley and TD Cowen, also expressed constructive views, reinforcing bullish sentiment around Dell’s AI-server opportunity. Goldman Sachs resets Dell stock price target by $60
• Positive Sentiment: Dell is increasingly viewed as a potential major AI beneficiary because its growth is being supported by reported customer orders and revenue rather than expectations alone. Its performance has also helped validate the broader AI infrastructure trade. Bank of America sees upside in surging AI stock
• Neutral Sentiment: Valuation and execution are becoming more important. After a sharp 2026 rally and a move near its 52-week high, investors are debating whether the backlog can translate into profitable growth at current expectations.
• Negative Sentiment: Some commentary cautions that Dell’s margins, supply availability and ability to convert the backlog into cash flow could limit further upside. The stock’s substantial gains also increase the risk of profit-taking or consolidation if future results merely meet, rather than exceed, elevated expectations. Dell Just Jumped 16% and One Strategist Says That Is the Whole Tech Argument Right Now

Analyst Upgrades and Downgrades

DELL has been the subject of several research analyst reports. Susquehanna set a $289.00 target price on shares of Dell Technologies and gave the stock a “neutral” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a research note on Thursday. They issued a “hold” rating and a $480.00 price target on the stock. Wolfe Research cut Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research note on Friday, May 29th. Piper Sandler restated an “overweight” rating and issued a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a report on Wednesday. Finally, TD Cowen raised their target price on shares of Dell Technologies from $450.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $553.79.

Dell Technologies Stock Up 1.8%

The firm’s fifty day moving average price is $439.28 and its 200 day moving average price is $308.94. The stock has a market cap of $340.68 billion, a PE ratio of 30.51, a P/E/G ratio of 0.75 and a beta of 1.34.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion for 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 for the quarter was up 57.7% compared to the same quarter last year. During the same period in the previous year, the firm 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, analysts anticipate that Dell Technologies Inc. will post 25.14 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company 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 dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is currently 14.63%.

Insider Transactions at Dell Technologies

In other news, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $453.54, for a total transaction of $15,814,486.26. Following the sale, the director directly owned 43,961 shares of the company’s stock, valued at $19,938,071.94. This represents a 44.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynn Vojvodich Radakovich sold 2,022 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $438.21, for a total value of $886,060.62. Following the transaction, the director owned 25,267 shares of the company’s stock, valued at $11,072,252.07. This represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,527,629 shares of company stock worth $619,325,485. 41.50% of the stock is owned by insiders.

Institutional Trading of Dell Technologies

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its position in Dell Technologies by 41,141.5% in the second quarter. California State Teachers Retirement System now owns 198,605,353 shares of the technology company’s stock worth $85,690,266,000 after acquiring an additional 198,123,786 shares in the last quarter. Norges Bank purchased a new stake in Dell Technologies during the fourth quarter valued at approximately $607,349,000. Wellington Management Group LLP lifted its stake in shares of Dell Technologies by 4,279.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after purchasing an additional 2,937,137 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Dell Technologies by 50.4% in the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after purchasing an additional 2,445,854 shares during the period. Finally, Michael & Susan Dell Foundation increased its position in shares of Dell Technologies by 533.3% during the 4th quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock valued at $337,652,000 after purchasing an additional 2,258,797 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Company Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.