Dell Technologies (NYSE:DELL) Shares Climb 12.1% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) shares rose 12.1% on Wednesday. The company traded as high as $384.69 and last traded at $374.6740. Approximately 9,086,841 shares traded hands during trading, an increase of 11% from the average session volume of 8,210,934 shares. The stock had previously closed at $334.38.

Trending Headlines about Dell Technologies

These are some of the DELL headlines that stood out recently:

• Positive Sentiment: Dell and KIOXIA introduced a 157-petabyte, single-rack storage system, while Dell OEM Solutions launched an AMD-powered AI coding platform. The products target enterprises seeking denser storage and scalable AI computing. Article
• Neutral Sentiment: The latest rebound follows a steep decline in AI-server shares, and reports describe it as part of a broader technology-sector recovery. Whether the bounce lasts may depend on upcoming results and continued evidence of AI infrastructure spending. Article
• Negative Sentiment: Earlier selling reflected concerns about potential Texas data-center restrictions, illustrating that policy and infrastructure constraints could complicate the expansion of AI capacity. Article

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Melius Research raised their price target on Dell Technologies from $650.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. The Goldman Sachs Group restated a “buy” rating on shares of Dell Technologies in a report on Friday, October 9th. KeyCorp reaffirmed a “sector weight” rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. Evercore reissued an “outperform” rating and issued a $650.00 price objective on shares of Dell Technologies in a research note on Wednesday, September 9th. Finally, Truist Financial lifted their price objective on shares of Dell Technologies from $360.00 to $505.00 and gave the company a “hold” rating in a report 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 issued a Hold rating to the company. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $569.96.

Dell Technologies Trading Up 12.1%

The firm has a 50 day moving average price of $500.18 and a 200-day moving average price of $338.68. The firm has a market cap of $238.22 billion, a PE ratio of 21.75, a PEG ratio of 0.36 and a beta of 1.45.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping analysts’ consensus estimates of $4.91 by $2.13. The firm 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 business’s quarterly revenue was up 57.7% compared to the same quarter last year. During the same period in the prior year, the firm 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. Equities analysts forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were given a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.7%. Dell Technologies’s dividend payout ratio is currently 14.63%.

Insiders Place Their Bets

In related news, Director Spv-2 L.P. Sl sold 44,408 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $582.30, for a total value of $25,858,778.40. Following the transaction, the director owned 43,740 shares of the company’s stock, valued at $25,469,802. This represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lynn Vojvodich Radakovich sold 2,022 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $460.00, for a total value of $930,120.00. Following the completion of the sale, the director owned 25,686 shares in the company, valued at approximately $11,815,560. This represents a 7.30% 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. In the last three months, insiders sold 1,819,650 shares of company stock worth $991,183,596. 41.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Noble Wealth Management PBC boosted its holdings in Dell Technologies by 113.6% in the third quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock valued at $25,000 after purchasing an additional 25 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in Dell Technologies by 172.7% in the third quarter. Dogwood Wealth Management LLC now owns 60 shares of the technology company’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. Cornerstone Financial Management LLC raised its holdings in 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 purchasing an additional 23 shares in the last quarter. NBH Bank purchased a new stake in shares of Dell Technologies during the 3rd quarter worth approximately $37,000. Finally, Premier Financial Group purchased a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Company Profile

Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations. The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.