Dell Technologies (NYSE:DELL) Stock Price Up 1.7% – Here’s Why

Dell Technologies Inc. (NYSE:DELL)’s stock price traded up 1.7% during trading on Friday . The stock traded as high as $444.43 and last traded at $441.98. Approximately 3,661,664 shares were traded during mid-day trading, a decline of 55% from the average session volume of 8,186,399 shares. The stock had previously closed at $434.78.

Dell Technologies News Roundup

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

• Positive Sentiment: Analyst coverage highlights Dell as a potential beneficiary of accelerating AI data-center investment beyond GPUs, including demand for servers, networking, storage, optics, power and cooling. The Zacks Analyst Blog Highlights Dell, Celestica, Lumentum and Vertiv
• Positive Sentiment: Dell is targeting AI-storage growth with an ObjectScale system offering up to 9.83 petabytes in a 2U configuration, potentially strengthening its position in enterprise AI infrastructure. Dell Targets AI Storage Growth With 9.83PB ObjectScale System
• Positive Sentiment: A memorandum of understanding with Emarat is intended to accelerate AI adoption and digital transformation, creating potential long-term enterprise demand for Dell’s technology and services. Emarat, Dell Technologies collaborate to accelerate AI-enabled transformation
• Positive Sentiment: Renewing Dell’s Team Liquid partnership could support Alienware’s gaming brand as it competes with HP and Corsair in premium PCs and peripherals. Can Team Liquid Partnership Strengthen DELL Against HPQ and CRSR?
• Neutral Sentiment: A covered-call strategy is being promoted as a way to generate substantial income from DELL shares, but it caps upside if the stock rises above the option strike and is not a change to Dell’s fundamentals. Own DELL Stock? Here Is How To Collect 21% a Year On It
• Negative Sentiment: An analyst downgraded Dell ahead of its second-quarter earnings preview, indicating concern that high expectations or valuation may limit further gains. I’m Downgrading Dell Ahead Of Q2 Earnings
• Negative Sentiment: Dell recently fell sharply even as the broader market advanced, highlighting elevated volatility and profit-taking risk after a major rally. Dell Technologies Stock Slides as Market Rises

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DELL. Citic Securities boosted their target price on Dell Technologies from $160.00 to $505.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Dell Technologies in a report on Wednesday, August 12th. Roth Capital began coverage on Dell Technologies in a research report on Friday, May 29th. They issued a “buy” rating on the stock. Truist Financial upped their price objective on Dell Technologies from $170.00 to $360.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Finally, TD Cowen raised their target price on Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $496.71.

Dell Technologies Trading Up 1.7%

The stock’s 50-day moving average price is $427.38 and its two-hundred day moving average price is $283.43. The stock has a market capitalization of $286.45 billion, a P/E ratio of 35.11, a P/E/G ratio of 0.91 and a beta of 1.33.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. Dell Technologies’s revenue was up 87.5% on a year-over-year basis. 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, equities research analysts predict that Dell Technologies Inc. will post 18.17 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were paid a $0.63 dividend. The ex-dividend date was Tuesday, July 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s payout ratio is presently 20.02%.

Insiders Place Their Bets

In other news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the completion of the transaction, the director owned 24,287 shares in the company, valued at approximately $11,123,203.13. This represents a 88.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Spv-2 L.P. Sl sold 175,901 shares of Dell Technologies stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $457.99, for a total value of $80,560,898.99. Following the completion of the sale, the director directly owned 36,659 shares of the company’s stock, valued at approximately $16,789,455.41. This trade represents a 82.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,434,758 shares of company stock worth $1,448,870,683 in the last ninety days. Insiders own 41.50% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC raised its position in Dell Technologies by 10.5% in the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock worth $10,157,000 after buying an additional 7,642 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $23,332,000. Plato Investment Management Ltd bought a new stake in shares of Dell Technologies in the second quarter worth approximately $5,913,000. Gabelli Funds LLC grew its stake in shares of Dell Technologies by 49.0% in the first quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company’s stock worth $7,565,000 after acquiring an additional 15,150 shares during the period. Finally, MUFG Securities EMEA plc raised its holdings in shares of Dell Technologies by 112.9% during the fourth quarter. MUFG Securities EMEA plc now owns 12,356 shares of the technology company’s stock valued at $1,555,000 after purchasing an additional 6,553 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

About Dell Technologies

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.