Dell Technologies (NYSE:DELL) Trading Up 2.2% on Analyst Upgrade

Dell Technologies Inc. (NYSE:DELL) shares rose 2.2% on Tuesday after Morgan Stanley raised their price target on the stock from $448.00 to $477.00. Morgan Stanley currently has an equal weight rating on the stock. Dell Technologies traded as high as $434.99 and last traded at $427.89. 6,442,422 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 8,774,410 shares. The stock had previously closed at $418.71.

Several other research firms have also recently weighed in on DELL. Raymond James Financial cut shares of Dell Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, May 29th. Citigroup initiated coverage on Dell Technologies in a research note on Monday, June 1st. They issued an “outperform” rating on the stock. Evercore raised their price target on Dell Technologies from $270.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Wolfe Research cut Dell Technologies from a “peer perform” rating to a “peer perform” rating in a report on Friday, May 29th. Finally, Zacks Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $490.38.

Insider Buying and Selling at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of Dell Technologies stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total value of $86,928,791.95. Following the transaction, the director owned 24,287 shares in the company, valued at $11,123,203.13. This trade represents a 88.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey W. Clarke sold 116,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $182.48, for a total transaction of $21,167,680.00. Following the completion of the sale, the chief operating officer directly owned 1,687,414 shares of the company’s stock, valued at $307,919,306.72. This represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,873,252 shares of company stock worth $1,391,926,654 in the last quarter. 41.50% of the stock is currently owned by company insiders.

Dell Technologies News Roundup

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

• Positive Sentiment: Dell launched the PowerEdge XE8812, a new server designed for massive HPC and AI workloads, with support for up to 144 GPUs per rack. The Dell AI Factory with NVIDIA Advances Supercomputing-Class Infrastructure Powering the Next Generation of HPC and AI
• Positive Sentiment: Investor sentiment is improving around Dell’s role in the AI server buildout, with reports highlighting Dell alongside NVIDIA in the Vera Rubin launch and broader AI hardware rally. Nvidia in focus as Dell, Super Micro unveil new servers with Vera Rubin offerings
• Positive Sentiment: Morgan Stanley raised its price target on Dell to $477 from $448, signaling continued analyst confidence in the stock’s upside. Morgan Stanley raises price target on Dell Technologies to $477 from $448, keeps equalweight rating
• Positive Sentiment: Broader AI server market optimism also helped, as Morgan Stanley lifted its server TAM forecast, boosting expectations for companies like Dell that supply enterprise and data center hardware. Morgan Stanley lifts server market TAM to $809B, boosts targets on compute stocks
• Neutral Sentiment: Commentary pieces continue to frame Dell as a long-term momentum and data-center play, reinforcing the market’s existing AI growth narrative. Why Dell Technologies (DELL) is a Top Momentum Stock for the Long-Term

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently bought and sold shares of the stock. Ariadne Wealth Management LP lifted its position in Dell Technologies by 1.6% in the first quarter. Ariadne Wealth Management LP now owns 3,092 shares of the technology company’s stock valued at $508,000 after purchasing an additional 49 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Dell Technologies by 19.3% in the first quarter. Bell Investment Advisors Inc now owns 322 shares of the technology company’s stock worth $53,000 after purchasing an additional 52 shares during the last quarter. Vectors Research Management LLC increased its stake in shares of Dell Technologies by 0.4% in the first quarter. Vectors Research Management LLC now owns 14,645 shares of the technology company’s stock worth $2,404,000 after buying an additional 55 shares during the period. Raleigh Capital Management Inc. raised its holdings in Dell Technologies by 6.9% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,044 shares of the technology company’s stock valued at $171,000 after buying an additional 67 shares during the last quarter. Finally, Equitable Trust Co. raised its holdings in Dell Technologies by 2.9% during the 1st quarter. Equitable Trust Co. now owns 2,506 shares of the technology company’s stock valued at $411,000 after buying an additional 71 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

The firm has a market cap of $277.32 billion, a PE ratio of 33.99, a PEG ratio of 0.88 and a beta of 1.30. The company’s 50-day simple moving average is $292.73 and its two-hundred day simple moving average is $191.01.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. The firm had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company’s revenue for the quarter was up 87.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 earnings per share. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. On average, analysts expect that Dell Technologies Inc. will post 17.6 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is presently 20.02%.

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.