Dell Technologies (NYSE:DELL) Shares Up 5.4% – Here’s Why

Dell Technologies Inc. (NYSE:DELL) was up 5.4% during mid-day trading on Wednesday. The stock traded as high as $502.00 and last traded at $486.2860. Approximately 6,788,321 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 8,284,128 shares. The stock had previously closed at $461.56.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell’s reported $95 billion AI-server backlog and comparatively lower valuation make it appear more attractive than Applied Digital, whose smaller contracted pipeline carries greater financing risk. DELL vs. APLD: Which AI-Infrastructure Stock Looks More Attractive?
• Positive Sentiment: Dell’s launch of new AI Factory hardware with NVIDIA at GTC Berlin reinforces its positioning as a major supplier for enterprise AI deployments. Some valuation analysis estimates meaningful long-term upside despite a recent Barclays downgrade. Dell Unveiled New AI Servers a Week After Barclays’ Downgrade
• Positive Sentiment: Dell participated with the University of Texas, Google Cloud and SHI International in launching Bevo Lab, an AI, analytics and sports-intelligence platform. The partnership supports Dell’s technology profile, though its direct financial impact is likely limited. Texas Athletics and McCombs School of Business Launch New Bevo Lab
• Neutral Sentiment: Dell rose alongside other AI-server stocks as the group recovered from the prior session’s technology selloff. The move was less pronounced than Hewlett Packard Enterprise’s, suggesting broader sector sentiment—not a Dell-specific announcement—was also influential. Hewlett Packard Enterprise Climbs While AI Server Peers Lag
• Negative Sentiment: Barclays’ concerns about enterprise AI demand, along with supply-chain constraints and profit-taking after Dell’s strong run, contributed to the previous session’s steep decline. These factors remain overhangs until Dell demonstrates that backlog growth is converting into sustainable earnings. Dell Stock Drops in Tech Sell-Off

Analyst Ratings Changes

A number of research analysts have commented on DELL shares. Bank of America boosted their price objective on Dell Technologies from $505.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Piper Sandler reiterated an “overweight” rating and set a $558.00 target price (up from $497.00) on shares of Dell Technologies in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft started coverage on Dell Technologies in a research report on Thursday, September 3rd. They set a “hold” rating and a $480.00 price target on the stock. Cantor Fitzgerald started coverage on shares of Dell Technologies in a research report on Wednesday, September 2nd. They issued an “overweight” rating for the company. Finally, Citigroup lifted their price objective on shares of Dell Technologies from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $569.96.

Dell Technologies Stock Performance

The firm has a fifty day simple moving average of $514.10 and a 200-day simple moving average of $403.17. The company has a market capitalization of $291.37 billion, a PE ratio of 26.60, a P/E/G ratio of 0.50 and a beta of 1.37.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, September 1st. The technology company reported $7.04 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 during the quarter, compared to analysts’ expectations of $44.89 billion. During the same period in the prior year, the business posted $1.70 EPS. The business’s revenue was up 57.7% on a year-over-year basis. 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, research analysts anticipate that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed 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. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s dividend payout ratio is 14.63%.

Insider Buying and Selling at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the transaction, the director owned 64,209 shares of the company’s stock, valued at approximately $33,217,884.06. This trade represents a 58.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the transaction, the director directly owned 73,185 shares in the company, valued at $37,861,527.90. The trade was a 53.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,817,628 shares of company stock valued at $990,253,476. 41.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Dell Technologies by 140.1% during the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock worth $1,090,294,000 after purchasing an additional 1,474,347 shares during the last quarter. Bank of America Corp DE boosted its holdings in Dell Technologies by 7.6% in the first quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock worth $2,362,624,000 after purchasing an additional 1,011,101 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Dell Technologies by 107.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 651,154 shares of the technology company’s stock valued at $350,288,000 after purchasing an additional 337,836 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Dell Technologies by 70.2% during the first quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company’s stock worth $118,432,000 after purchasing an additional 297,500 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Dell Technologies by 73.4% during the first quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company’s stock worth $71,946,000 after acquiring an additional 185,527 shares during the period. Institutional investors own 76.37% of the company’s stock.

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, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.