Dell Technologies (NYSE:DELL) Shares Down 6.6% – What’s Next?

Dell Technologies Inc. (NYSE:DELL)’s stock price dropped 6.6% on Wednesday . The company traded as low as $427.54 and last traded at $437.51. Approximately 7,002,244 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 8,248,913 shares. The stock had previously closed at $468.65.

Dell Technologies News Summary

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

• Positive Sentiment: AI server momentum remains the primary catalyst. Recent coverage highlights record revenue, strong AI server demand, institutional buying and Dell’s transition from a traditional PC maker into a major AI infrastructure supplier. Analysts cited in the coverage expect further upside, with Evercore ISI forecasting a potential move to a new record high. Wall Street sets Dell stock price target for next 12 months
• Positive Sentiment: Analysts remain constructive on Dell relative to other AI infrastructure names. A Zacks comparison argues that Dell’s stronger earnings momentum, diversified business and AI server demand could provide more upside than Snowflake, supporting the bullish investment case. Snowflake vs. DELL: Which AI Infrastructure Stock Is the Better Buy?
• Positive Sentiment: Alienware extended its Team Liquid esports partnership for five years. The agreement runs through 2031 and expands beyond sponsorship into co-development of peripherals and esports infrastructure, potentially supporting Alienware’s product development and brand reach. Dell Technologies Extends Esports Partnership For Five More Years
• Neutral Sentiment: Dell will report fiscal 2027 second-quarter results on September 1. The upcoming earnings release and conference call may become the next major catalyst as investors look for confirmation that AI-related orders, revenue growth and guidance remain on track. Dell Technologies to Hold Conference Call September 1
• Negative Sentiment: Valuation and rally-related risks may be weighing on the stock. Dell has risen more than 230% in 2026 and trades near its record high, increasing the likelihood of profit-taking and heightened sensitivity to any slowdown in AI orders or upcoming earnings expectations.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Citic Securities increased their target price on shares of Dell Technologies from $160.00 to $505.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $505.00 to $545.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Raymond James Financial downgraded Dell Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday, May 29th. Wolfe Research lowered Dell Technologies from a “peer perform” rating to a “peer perform” rating in a report on Friday, May 29th. Finally, Argus upped their target price on Dell Technologies from $200.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $496.71.

Dell Technologies Stock Down 6.6%

The firm has a market capitalization of $283.55 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 1.03 and a beta of 1.33. The company’s 50 day moving average price is $425.18 and its 200 day moving average price is $278.93.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the prior year, the firm earned $1.55 EPS. The firm’s 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. As a group, analysts expect that Dell Technologies Inc. will post 18.17 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

Insider Buying and Selling at Dell Technologies

In related news, Director Spv-2 L.P. Sl sold 175,901 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the completion of the transaction, the director directly owned 36,659 shares in the company, valued at $16,789,455.41. The trade was a 82.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the completion of the sale, the director directly owned 24,287 shares in the company, valued at approximately $11,123,203.13. The trade was a 88.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,434,758 shares of company stock valued at $1,448,870,683. 41.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dell Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Retirement Investments LLC acquired a new stake in Dell Technologies in the fourth quarter valued at approximately $25,000. Rossby Financial LCC raised its stake in shares of Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after buying an additional 184 shares during the period. Navalign LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in Dell Technologies in the 4th quarter valued at $29,000. Finally, WealthCollab LLC grew its stake in Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors 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.