Dell Technologies (NYSE:DELL) Shares Up 12.1% – Here’s Why

Dell Technologies Inc. (NYSE:DELL) shares were up 12.1% on Wednesday. The stock traded as high as $384.69 and last traded at $374.6740. 9,086,841 shares were traded during trading, an increase of 11% from the average daily volume of 8,210,934 shares. The stock had previously closed at $334.38.

Key Dell Technologies News

Here’s some of the latest news about DELL:

• Positive Sentiment: Dell’s AI-server business is growing rapidly, and its large backlog is cited as support for continued growth—potentially making the recent tech sell-off an opportunity if demand holds. Read article
• Positive Sentiment: The University of Alabama plans to establish a high-performance computing center using Dell infrastructure, providing a concrete example of institutional demand for its computing and AI systems. Read article
• Negative Sentiment: Reports of a potential leadership crisis at Nvidia have unsettled AI-related stocks. Investors may worry that disruption at a key AI-chip supplier could affect confidence in the AI buildout and demand for Dell’s servers. Read article

Analysts Set New Price Targets

Several brokerages have commented on DELL. Truist Financial raised their price objective on Dell Technologies from $360.00 to $505.00 and gave the company a “hold” rating in a research report on Wednesday, September 2nd. Sanford C. Bernstein boosted their price target on Dell Technologies from $500.00 to $650.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. US Capital Advisors set a $625.00 price objective on Dell Technologies in a research note on Wednesday, September 2nd. Piper Sandler reissued an “overweight” rating and issued a $558.00 target price (up from $497.00) on shares of Dell Technologies in a research note on Wednesday, September 2nd. Finally, Barclays downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $603.00 to $574.00 in a report on Wednesday, October 14th. One investment 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $569.96.

Dell Technologies Stock Down 7.7%

The firm’s 50 day simple moving average is $496.81 and its 200 day simple moving average is $341.25. The company has a market capitalization of $217.92 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 0.39 and a beta of 1.45.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The company had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. During the same quarter in the previous year, the firm earned $1.70 earnings per share. The firm’s quarterly revenue was up 57.7% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is presently 14.63%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 44,408 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $582.30, for a total transaction of $25,858,778.40. Following the completion of the transaction, the director directly owned 43,740 shares in the company, valued at approximately $25,469,802. This represents a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of Dell Technologies stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $586.40, for a total value of $1,055,520.00. Following the completion of the sale, the director owned 1,404,569 shares in the company, valued at approximately $823,639,261.60. The trade was a 0.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,819,650 shares of company stock worth $991,183,596 in the last ninety days. Company insiders own 41.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of Dell Technologies by 5.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 276,901 shares of the technology company’s stock valued at $148,959,000 after purchasing an additional 15,216 shares during the period. 49 Wealth Management LLC boosted its stake in shares of Dell Technologies by 540.7% during the third quarter. 49 Wealth Management LLC now owns 4,049 shares of the technology company’s stock worth $2,178,000 after buying an additional 3,417 shares during the period. Sonoma Allocations LLC lifted its holdings in shares of Dell Technologies by 50.7% during the third quarter. Sonoma Allocations LLC now owns 1,505 shares of the technology company’s stock worth $852,000 after purchasing an additional 506 shares during the period. Southeast Asset Advisors LLC lifted its holdings in shares of Dell Technologies by 12.8% in the 3rd quarter. Southeast Asset Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $940,000 after buying an additional 198 shares during the period. Finally, Pinnbrook Capital Management LP acquired a new stake in Dell Technologies in the third quarter valued at $7,709,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

About Dell Technologies

Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations. The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.