Dell Technologies (NYSE:DELL) Shares Up 1.7% – Here’s Why

Shares of Dell Technologies Inc. (NYSE:DELL) were up 1.7% on Tuesday . The company traded as high as $568.67 and last traded at $543.51. 9,569,636 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 8,391,254 shares. The stock had previously closed at $534.28.

Dell Technologies News Summary

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

• Positive Sentiment: Analyst optimism supports the rally. RBC Capital Markets’ Outperform rating and $640 price target imply further upside, while other analysts say Dell’s strong quarterly results and AI-server backlog could support additional gains. Dell Technologies Rallies on Bullish RBC Outlook
• Positive Sentiment: AI infrastructure demand remains the central growth story. Dell’s servers are benefiting from spending on data centers and agentic AI, with recent earnings showing revenue growth of 57.7% year over year and EPS well above consensus. Analyst Bets Dell Can Gain Further
• Positive Sentiment: Axelera AI chips expand Dell’s product flexibility. Europe-based Axelera is adding an inference-chip option to Dell servers, potentially strengthening Dell’s position with AI customers, although the near-term sales opportunity is small relative to the company’s backlog. Dell Jumps as Axelera Chips Enter Its Servers
• Neutral Sentiment: Investor attention is also on management commentary and capital allocation. CFO David Kennedy spoke at Citi’s TMT Conference, while Dell is reportedly considering a roughly $4 billion investment-grade bond offering primarily to refinance 2026 maturities. The refinancing could improve liquidity management but would increase scrutiny of debt levels. Why Is Dell Stock Rising Today
• Negative Sentiment: Risks include elevated expectations and AI-spending concerns. Dell recently sold off alongside AI hardware stocks amid worries that customers could slow capital spending, while reported insider stock sales add supply pressure. After a gain of more than 300% over the past year and a record high, profit-taking and valuation risk remain important near-term headwinds. Dell Stock Tumbles as AI Spending Concerns Emerge

Wall Street Analyst Weigh In

Several research firms recently weighed in on DELL. Citigroup increased their price target on shares of Dell Technologies from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Raymond James Financial upped their price target on Dell Technologies from $500.00 to $617.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. US Capital Advisors set a $625.00 target price on shares of Dell Technologies in a research note on Wednesday, September 2nd. Barclays raised their price target on shares of Dell Technologies from $550.00 to $603.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Finally, Evercore restated an “outperform” rating and set a $650.00 price target on shares of Dell Technologies in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $560.24.

Dell Technologies Trading Up 1.7%

The stock has a market capitalization of $352.25 billion, a PE ratio of 31.54, a PEG ratio of 0.59 and a beta of 1.34. The business has a fifty day moving average price of $453.91 and a 200-day moving average price of $327.82.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%.Dell Technologies’s revenue for the quarter was up 57.7% compared to the same quarter last year. During the same period last year, the firm 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. On average, equities analysts anticipate that Dell Technologies Inc. will post 25.14 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders 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 dividend yield of 0.5%. Dell Technologies’s dividend payout ratio (DPR) is 14.63%.

Insider Activity

In other Dell Technologies news, Director Silver Lake Partners V. De (Aiv sold 41,434 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $558.74, for a total value of $23,150,833.16. Following the completion of the sale, the director directly owned 42,533 shares of the company’s stock, valued at $23,764,888.42. The trade was a 49.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Spv-2 L.P. Sl sold 72,148 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $558.74, for a total transaction of $40,311,973.52. Following the sale, the director owned 82,277 shares of the company’s stock, valued at approximately $45,971,450.98. The trade was a 46.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,607,499 shares of company stock valued at $795,172,212. Corporate insiders own 41.50% of the company’s stock.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently bought and sold shares of the stock. Cornerstone Financial Management LLC raised its holdings in Dell Technologies by 56.1% during the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock valued at $28,000 after buying an additional 23 shares during the last quarter. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies in the second quarter valued at about $38,000. Atwood & Palmer Inc. increased its position in shares of Dell Technologies by 860.0% in the second quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company’s stock valued at $41,000 after acquiring an additional 86 shares during the period. Comprehensive Financial Planning Inc. PA bought a new position in shares of Dell Technologies during the second quarter valued at about $43,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of Dell Technologies during the second quarter worth about $63,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

About Dell Technologies

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.