Stock Traders Buy Large Volume of Dell Technologies Call Options (NYSE:DELL)

Dell Technologies Inc. (NYSE:DELL) was the target of unusually large options trading on Friday. Stock investors acquired 86,011 call options on the company. This represents an increase of 74% compared to the average daily volume of 49,485 call options.

Key Dell Technologies News

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

• Positive Sentiment: Bank of America said Dell is positioned to deliver a “beat and raise” next week, citing strong demand for AI servers, better-than-expected PC trends, and improving Infrastructure Solutions Group revenue. Dell set to deliver beat and raise for Q1, says Bank of America
• Positive Sentiment: Analysts and preview articles said Dell enters earnings with a strong chance to beat expectations, supported by a solid earnings-surprise history and continued AI-related demand. Dell Technologies (DELL) Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Dell’s recent product announcements around new storage, AI servers, and cyber resilience tools reinforce the company’s role in enterprise AI spending. Dell launches new storage, AI servers and cyber resilience tools for modern data centres
• Neutral Sentiment: Dell announced that Infrastructure Solutions Group president Arthur Lewis will present at the Bank of America Global Technology Conference in June, keeping management visible to investors ahead of earnings. Dell Technologies to Present at Investor Conference in June
• Neutral Sentiment: Coverage from Dell Technologies World and related previews kept the market focused on whether the company’s AI momentum can sustain growth beyond its traditional PC business. Five takeaways from Michael Dell’s keynote at Dell Technologies World 2026
• Negative Sentiment: Some commentary warned that IT hardware stocks may not fully reflect macroeconomic and earnings risks, suggesting upside could be limited if results disappoint. IT Hardware Stocks May Not Fully Reflect Macro, Earnings Risks, Morgan Stanley Says
• Negative Sentiment: One note argued Dell’s stock may already be stretched after its AI-driven rally, with margins on AI server growth under close scrutiny heading into earnings. Jensen Huang Said Something Surprising About AI. Here’s Why Nvidia Investors Should Pay Attention.

Dell Technologies Trading Up 14.6%

Shares of NYSE:DELL traded up $36.80 during mid-day trading on Friday, hitting $289.60. 7,059,034 shares of the company traded hands, compared to its average volume of 7,868,268. The stock has a market cap of $187.01 billion, a P/E ratio of 33.43, a P/E/G ratio of 0.92 and a beta of 0.99. Dell Technologies has a 12-month low of $106.38 and a 12-month high of $294.90. The stock has a 50-day moving average price of $196.18 and a two-hundred day moving average price of $152.21.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.36. The company had revenue of $33.38 billion for the quarter, compared to analysts’ expectations of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.Dell Technologies’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.68 earnings per share. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. As a group, analysts expect that Dell Technologies will post 11.87 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Tuesday, April 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.53. This represents a $2.52 annualized dividend and a dividend yield of 0.9%. Dell Technologies’s payout ratio is presently 28.90%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Mizuho raised their price objective on Dell Technologies from $215.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Morgan Stanley raised Dell Technologies from an “underweight” rating to a “buy” rating in a research note on Friday. Wall Street Zen cut Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Daiwa Securities Group raised their price objective on Dell Technologies from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Finally, Wells Fargo & Company raised their price objective on Dell Technologies from $180.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.32.

Insiders Place Their Bets

In other Dell Technologies news, CFO David Alan Kennedy sold 19,500 shares of Dell Technologies stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the completion of the sale, the chief financial officer directly owned 183,097 shares in the company, valued at approximately $33,420,695.41. The trade was a 9.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William F. Scannell sold 143,067 shares of Dell Technologies stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total value of $23,606,055.00. Following the completion of the sale, the insider owned 21,779 shares of the company’s stock, valued at approximately $3,593,535. The trade was a 86.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,571,688 shares of company stock valued at $576,654,105 in the last 90 days. Company insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DELL. Brighton Jones LLC boosted its position in shares of Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after buying an additional 901 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Dell Technologies in the second quarter worth $328,000. Marshall Wace LLP purchased a new position in Dell Technologies in the second quarter worth $809,000. Gamco Investors INC. ET AL boosted its position in Dell Technologies by 30.2% in the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock worth $819,000 after purchasing an additional 1,550 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Dell Technologies by 147.2% in the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock worth $7,112,000 after purchasing an additional 34,538 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Company Profile

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.