Dell Technologies (NYSE:DELL) Hits New 12-Month High – What’s Next?

Dell Technologies Inc. (NYSE:DELL)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $473.38 and last traded at $475.1770, with a volume of 3825299 shares trading hands. The stock had previously closed at $429.02.

Key Dell Technologies News

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

• Positive Sentiment: AI infrastructure remains the key bullish factor. Recent contract wins, including the Volta AI factory and Texas A&M’s IGNITE platform, are adding to Dell’s backlog and reinforcing expectations for continued demand for AI-optimized servers. Dell Technologies Could Be 4% Below Fair Value on AI Infrastructure Wins
• Positive Sentiment: Dell’s partnerships with Nvidia, AMD, and Microsoft, along with robust enterprise IT spending, are supporting the view that the company can extend its AI-related growth. Some analyses argue the stock still has room to appreciate despite its recent rally and proximity to record highs. Nvidia, Microsoft Partner Tests Breakout
• Positive Sentiment: The company’s latest quarterly results provide fundamental support: revenue rose sharply year over year, AI-optimized server revenue reached $16.1 billion, and management raised its fiscal 2027 outlook. The median analyst price target cited by Quiver Quantitative is above the current trading range. Dell Slips as Peer Earnings Pressure AI Server Trade
• Neutral Sentiment: Hewlett Packard Enterprise’s deeper alliance with Nvidia highlights both the strength of AI infrastructure demand and the intensifying competition Dell faces from HPE and Super Micro Computer. Can HPE’s NVDA Alliance Help It Challenge SMCI and DELL?
• Negative Sentiment: A disappointing outlook from a major AI-server peer triggered a sympathy selloff across the sector, raising concerns that server demand or near-term execution may not meet aggressive expectations. Dell’s next earnings report is not scheduled until September 3, leaving the stock more exposed to peer results and changes in AI spending sentiment. Dell Slips as Peer Earnings Pressure AI Server Trade
• Negative Sentiment: Valuation and positioning are additional headwinds after a roughly 250% year-to-date advance. Reported open-market insider activity shows extensive selling and no purchases during the past six months, which may reinforce profit-taking concerns among investors. After a 250% Rally, Dell Stock Still Has Room to Run

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Truist Financial lifted their price objective on Dell Technologies from $170.00 to $360.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Susquehanna set a $289.00 target price on Dell Technologies and gave the company a “neutral” rating in a research note on Friday, May 29th. TD Cowen raised their target price on Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a report on Friday, May 29th. Finally, Argus upped their price target on Dell Technologies from $200.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $494.67.

Dell Technologies Stock Performance

The company has a market cap of $287.64 billion, a P/E ratio of 35.30, a P/E/G ratio of 1.00 and a beta of 1.33. The stock has a 50-day simple moving average of $414.15 and a 200 day simple moving average of $256.65.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The business had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. During the same period in the previous year, the business posted $1.55 earnings per share. Dell Technologies’s quarterly 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. Sell-side analysts anticipate that Dell Technologies Inc. will post 17.77 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Dell Technologies’s dividend payout ratio (DPR) is presently 20.02%.

Insider Buying and Selling at Dell Technologies

In related news, Director Spv-2 L.P. Sl sold 59,492 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $26,982,001.68. Following the sale, the director owned 89,222 shares of the company’s stock, valued at $40,465,745.88. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $453.54, for a total transaction of $31,160,919.24. Following the completion of the transaction, the director directly owned 67,990 shares of the company’s stock, valued at $30,836,184.60. This trade represents a 50.26% 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 valued at $1,448,870,683 in the last 90 days. Insiders own 41.50% of the company’s stock.

Institutional Trading of Dell Technologies

A number of large investors have recently bought and sold shares of DELL. Norges Bank bought a new stake in Dell Technologies during the 4th quarter worth about $607,349,000. Wellington Management Group LLP increased its position in Dell Technologies by 4,279.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after acquiring an additional 2,937,137 shares in the last quarter. Invesco Ltd. raised its stake in shares of Dell Technologies by 50.4% in the fourth quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after acquiring an additional 2,445,854 shares during the last quarter. Michael & Susan Dell Foundation lifted its position in shares of Dell Technologies by 533.3% during the fourth quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock worth $337,652,000 after purchasing an additional 2,258,797 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Dell Technologies by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock valued at $3,957,850,000 after purchasing an additional 1,355,841 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

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.