Dell Technologies (NYSE:DELL) Shares Up 1.8% – Here’s Why

Dell Technologies Inc. (NYSE:DELL) was up 1.8% during trading on Friday . The stock traded as high as $534.99 and last traded at $525.66. 10,912,978 shares were traded 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: Blowout earnings continue to drive the rally. Dell reported $46.97 billion in quarterly revenue, up 57.7% year over year and above the $44.89 billion consensus estimate. Adjusted EPS of $7.04 also exceeded expectations of $4.91, while management raised its fiscal 2027 outlook. Dell Technologies Raises the Bar Again as AI Demand Fuels Another Strong Quarter
• Positive Sentiment: AI infrastructure demand remains the central catalyst. Dell’s AI-optimized server business is benefiting from strong data-center spending, with a reported $95 billion AI backlog providing visibility into future revenue. Investors are focused on how quickly the backlog converts into sales and earnings. Dell Surges on Soaring AI Backlog
• Positive Sentiment: Analysts are raising their valuation targets. JPMorgan lifted its target to $635, while Goldman Sachs cited AI-server demand and margin expansion in raising its target. Morgan Stanley, TD Cowen and other analysts also remain constructive, reinforcing bullish sentiment. JPMorgan Raises Dell Price Target
• Positive Sentiment: Technical and broader AI-sector momentum are supportive. Dell has reached fresh 52-week and all-time highs, while investors continue favoring companies that demonstrate actual AI revenue and profitability rather than speculative demand. Dell Hits a 52-Week High
• Neutral Sentiment: Investors are debating whether the rally can continue. Commentators describe Dell as a leading founder-led technology company and a potential “Magnificent Seven” candidate, but the shares have already appreciated substantially, increasing the importance of backlog execution and sustained growth.
• Negative Sentiment: Valuation and margin risks are emerging. Some analysts argue that the $95 billion backlog is less important than the profitability of converting those orders, while bearish commentary recommends selling Dell or a leveraged Dell ETF. Concerns include possible profit-taking after the sharp advance and whether AI-server margins can remain elevated. Dell: The $95 Billion AI Backlog Is Not the Number I Am Watching

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DELL. Royal Bank Of Canada initiated coverage on Dell Technologies in a report on Friday, May 29th. They issued an “outperform” rating on the stock. Citigroup raised their price target on shares of Dell Technologies from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler reaffirmed an “overweight” rating and set a $558.00 price target (up from $497.00) on shares of Dell Technologies in a report on Wednesday. Daiwa Securities Group increased their price objective on Dell Technologies from $170.00 to $465.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Finally, HSBC upgraded Dell Technologies to a “buy” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average price target of $553.79.

Dell Technologies Price Performance

The company has a fifty day moving average price of $436.67 and a two-hundred day moving average price of $307.41. The firm has a market cap of $340.69 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping the consensus estimate of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The firm had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. During the same period in the previous year, the business earned $1.70 earnings per share. Dell Technologies’s revenue for the quarter was up 57.7% compared to the same quarter last year. 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, research analysts expect that Dell Technologies Inc. will post 18.22 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.5%. Dell Technologies’s dividend payout ratio is currently 14.63%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Lynn Vojvodich Radakovich sold 2,022 shares of Dell Technologies 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 in the company, valued at approximately $11,072,252.07. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $15,814,486.26. Following the sale, the director owned 43,961 shares of the company’s stock, valued at $19,938,071.94. This trade represents a 44.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,527,629 shares of company stock valued at $619,325,485. 41.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Retirement Investments LLC acquired a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Rossby Financial LCC lifted its holdings in shares of Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares in the last quarter. Cornerstone Financial Management LLC boosted its position in shares of Dell Technologies by 56.1% in the second 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 period. Navalign LLC acquired a new position in Dell Technologies during the fourth quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Dell Technologies in the 4th quarter worth about $29,000. Institutional investors and hedge funds 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.