Dell Technologies (NYSE:DELL) Reaches New 12-Month High on Analyst Upgrade

Dell Technologies Inc. (NYSE:DELL)’s share price hit a new 52-week high during mid-day trading on Thursday after Fox Advisors upgraded the stock from an equal weight rating to an overweight rating. Fox Advisors now has a $625.00 price target on the stock. Dell Technologies traded as high as $516.54 and last traded at $513.8310, with a volume of 8238410 shares changing hands. The stock had previously closed at $492.20.

Other equities research analysts have also recently issued research reports about the stock. Cantor Fitzgerald initiated coverage on shares of Dell Technologies in a research report on Wednesday. They set an “overweight” rating for the company. TD Cowen upped their target price on Dell Technologies from $450.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday. Susquehanna set a $289.00 price target on shares of Dell Technologies and gave the stock a “neutral” rating in a research note on Friday, May 29th. Piper Sandler reiterated an “overweight” rating and set a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a research note on Wednesday. Finally, HSBC upgraded shares of Dell Technologies to a “buy” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $555.46.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 131,040 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $398.13, for a total transaction of $52,170,955.20. Following the sale, the director owned 12,619 shares in the company, valued at approximately $5,024,002.47. This trade represents a 91.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $55,294,285.05. Following the completion of the sale, the director directly owned 8,585 shares of the company’s stock, valued at approximately $3,417,946.05. This trade represents a 94.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,738,596 shares of company stock worth $704,346,083 in the last quarter. Corporate insiders own 41.50% of the company’s stock.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Blowout earnings and revenue: Dell reported adjusted earnings of $7.04 per share versus a roughly $4.91 consensus estimate, while revenue rose 57.7% year over year to $46.97 billion, ahead of expectations. Infrastructure Solutions Group revenue increased 89% to $31.8 billion, including $16.4 billion from AI-optimized servers. Reuters: Dell again lifts forecasts as AI demand powers record results
• Positive Sentiment: Exceptional AI visibility: AI-server orders reached $60.9 billion during the quarter and the overall AI backlog stood at approximately $95 billion. Investors view the backlog as evidence that data-center and enterprise AI spending remains based on actual deployments rather than speculation. CRN: Dell AI Server Momentum Accelerates
• Positive Sentiment: Guidance reset higher: Dell raised fiscal 2027 revenue guidance to $192 billion from $167 billion and adjusted EPS guidance to $25.50 from $17.90. Third-quarter guidance of $49 billion in revenue and $6.50 EPS also exceeded consensus estimates. Several analysts raised price targets, including JPMorgan’s move to $635 with an overweight rating. CNBC: Dell has more room to run after earnings
• Neutral Sentiment: Execution and supply risks: Management said shortages of components and other scarce parts are limiting shipments. Investors are also examining whether Dell’s AI-server growth can translate into durable margins, since hardware integration is generally lower margin than software.
• Negative Sentiment: Valuation and selling pressure: After more than tripling during the year and trading near its 52-week high, some analysts maintained Hold or Equal Weight ratings, arguing that much of the AI opportunity is already reflected in the stock. Reports also highlighted substantial insider selling, which may reinforce near-term profit-taking concerns.

Institutional Trading of Dell Technologies

A number of large investors have recently added to or reduced their stakes in DELL. Cornerstone Financial Management LLC increased its holdings in shares of Dell Technologies by 56.1% in the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after buying an additional 23 shares during the last quarter. Triumph Capital Management boosted its holdings in Dell Technologies by 2.3% during the 2nd quarter. Triumph Capital Management now owns 1,405 shares of the technology company’s stock valued at $606,000 after acquiring an additional 32 shares during the period. Accel Wealth Management grew its position in Dell Technologies by 2.8% in the 2nd quarter. Accel Wealth Management now owns 1,421 shares of the technology company’s stock valued at $613,000 after acquiring an additional 39 shares during the last quarter. Ariadne Wealth Management LP boosted its position in Dell Technologies by 1.6% in the 1st quarter. Ariadne Wealth Management LP now owns 3,092 shares of the technology company’s stock valued at $508,000 after buying an additional 49 shares during the period. Finally, Bell Investment Advisors Inc boosted 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 valued at $53,000 after purchasing an additional 52 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

The company has a fifty day simple moving average of $434.61 and a two-hundred day simple moving average of $304.63. The firm has a market capitalization of $334.16 billion, a PE ratio of 29.97, a PEG ratio of 0.88 and a beta of 1.34.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 529.54%. The business had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter last year, the firm posted $1.70 EPS. The company’s revenue for the quarter was up 57.7% on a year-over-year basis. 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. On average, equities analysts anticipate that Dell Technologies Inc. will post 18.32 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. Stockholders of record on Tuesday, October 20th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is currently 14.63%.

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.