Dell Technologies (NYSE:DELL) Stock Price Up 4.7% – What’s Next?

Dell Technologies Inc. (NYSE:DELL) shares were up 4.7% during trading on Thursday . The company traded as high as $593.98 and last traded at $589.5710. Approximately 9,136,069 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 8,418,160 shares. The stock had previously closed at $563.29.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: AI server demand remains the main bullish catalyst. Recent coverage points to a rapidly expanding AI backlog, record AI-optimized server revenue, and expectations that server revenue could double. Dell’s collaboration with Axelera AI also adds a lower-power, 45-watt inference option to its server lineup, broadening its addressable market, although no specific orders or revenue were announced. Dell AI server backlog article
• Positive Sentiment: Share repurchases and index inclusion provide additional support. Dell recently completed a buyback tranche that retired approximately 9.5 million shares, potentially improving per-share earnings. The company is also expected to join the S&P 100 before the open on September 21, which could create incremental demand from index-tracking funds. Dell buyback article
• Neutral Sentiment: Valuation has become a key investor concern. Dell has rallied dramatically on AI expectations and now trades well above the average analyst price target, increasing the risk of a pullback if backlog growth, margins, or future guidance disappoint. The latest quarterly results were strong, with revenue up 57.7% year over year and earnings substantially above consensus estimates.
• Negative Sentiment: Silver Lake-affiliated directors continue to sell substantial amounts of stock. Multiple transactions on September 15 and 16 totaled more than $100 million, with several positions reduced by roughly one-third or more. Although the affiliated entities retain significant holdings, the repeated sales may signal profit-taking and create a near-term supply overhang. Dell insider sales filing

Analyst Ratings Changes

A number of equities analysts recently weighed in on DELL shares. Evercore reaffirmed an “outperform” rating and issued a $650.00 price target on shares of Dell Technologies in a report on Wednesday, September 9th. Argus increased their price objective on shares of Dell Technologies from $200.00 to $460.00 and gave the company a “buy” rating in a report on Friday, May 29th. Melius Research lifted their price objective on Dell Technologies from $650.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Raymond James Financial raised their target price on Dell Technologies from $500.00 to $617.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Guggenheim raised shares of Dell Technologies to a “buy” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $560.24.

Dell Technologies Stock Performance

The business has a 50-day simple moving average of $464.52 and a 200-day simple moving average of $338.62. The company has a market cap of $368.77 billion, a price-to-earnings ratio of 33.02, a price-to-earnings-growth ratio of 0.61 and a beta of 1.34.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%.The business’s revenue for the quarter was up 57.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.70 EPS. 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. Research analysts anticipate that Dell Technologies Inc. will post 25.14 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be given 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 0.4%. Dell Technologies’s payout ratio is 14.63%.

Insider Activity

In related news, Director Silver Lake Partners V. De (Aiv sold 26,985 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $567.88, for a total value of $15,324,241.80. Following the completion of the sale, the director owned 47,746 shares in the company, valued at $27,113,998.48. This represents a 36.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 46,994 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $567.88, for a total transaction of $26,686,952.72. Following the sale, the director owned 92,330 shares of the company’s stock, valued at approximately $52,432,360.40. This represents a 33.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,942,790 shares of company stock valued at $981,114,426. 41.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of Dell Technologies by 7.6% during the first quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock worth $2,362,624,000 after purchasing an additional 1,011,101 shares during the period. Geode Capital Management LLC boosted its holdings in Dell Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company’s stock valued at $939,808,000 after purchasing an additional 108,011 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Dell Technologies by 24.6% during the 4th quarter. Deutsche Bank AG now owns 5,517,070 shares of the technology company’s stock worth $694,489,000 after buying an additional 1,090,336 shares in the last quarter. Norges Bank acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $607,349,000. Finally, Wellington Management Group LLP grew its holdings in Dell Technologies by 140.1% during the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock worth $1,090,294,000 after acquiring an additional 1,474,347 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Company Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.