Dell Technologies (NYSE:DELL) Shares Climb 2.3% – Still a Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price was up 2.3% during mid-day trading on Friday. The company traded as high as $595.06 and last traded at $587.8770. 5,263,026 shares traded hands during trading, a decline of 36% from the average session volume of 8,286,515 shares. The stock had previously closed at $574.55.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Evercore ISI raised its Dell price target to $650 from $500, adding to a series of bullish analyst revisions. The optimistic view reflects strong demand for AI infrastructure and Dell’s expanding server backlog. Evercore ISI adjusts Dell price target
• Positive Sentiment: Wedbush analyst Dan Ives added DELL to his AI 30 “Winner List,” reinforcing the view that Dell is a major beneficiary of corporate spending on AI servers and data-center infrastructure. Dan Ives updates AI 30
• Positive Sentiment: Dell’s expanded AI Data Platform, NVIDIA-powered acceleration and new AI-focused PCs and workstations support the company’s effort to benefit from AI adoption beyond traditional servers. Its partnership with Accenture also broadens enterprise distribution. Dell AI Data Platform
• Neutral Sentiment: CEO Michael Dell’s high-profile support for Trump Accounts and Dell’s planned employee-family contributions have increased attention around the company, but the initiatives are philanthropic and have limited direct effect on near-term earnings. Dell Trump Accounts benefit
• Negative Sentiment: Several Silver Lake-affiliated directors sold roughly 127,000 Dell shares for about $73 million on October 6, substantially reducing some holdings. The transactions may raise short-term concerns about insider confidence and add selling pressure after the stock’s sharp AI-driven rally. Dell SEC insider filing
• Negative Sentiment: A newly disclosed filing also showed an account associated with President Trump sold between $500,001 and $1 million of Dell stock in August, followed by another smaller sale. While not an operating development, the apparent contrast with his public endorsements could temper sentiment. Trump account Dell stock sales

Wall Street Analysts Forecast Growth

DELL has been the subject of several research analyst reports. Barclays increased their target price on Dell Technologies from $550.00 to $603.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Morgan Stanley lifted their price target on shares of Dell Technologies from $499.00 to $511.00 and gave the stock an “equal weight” rating in a research note on Monday, September 21st. Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $625.00 price target on the stock in a report on Wednesday, September 2nd. Piper Sandler reiterated 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, Royal Bank Of Canada assumed coverage on shares of Dell Technologies in a research note on Thursday, September 10th. They set an “outperform” rating and a $640.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $571.12.

Dell Technologies Price Performance

The business has a fifty day simple moving average of $504.43 and a two-hundred day simple moving average of $379.92. The company has a market cap of $373.78 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 0.60 and a beta of 1.37.

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. On average, equities research analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.4%. Dell Technologies’s dividend payout ratio (DPR) is presently 14.63%.

Insider Activity

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 83,006 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $42,942,324.04. Following the completion of the transaction, the director owned 73,185 shares of the company’s stock, valued at approximately $37,861,527.90. This trade represents a 53.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business’s stock in a transaction on 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 sale, the director directly owned 64,209 shares in the company, valued at $33,217,884.06. This trade represents a 58.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,697,272 shares of company stock worth $920,162,797 over the last ninety days. 41.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Dell Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DELL. Wellington Management Group LLP raised its position 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 valued at $1,090,294,000 after acquiring an additional 1,474,347 shares in the last quarter. Bank of America Corp DE boosted its position in Dell Technologies by 7.6% in the 1st 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 in the last quarter. Auto Owners Insurance Co grew its stake in shares of Dell Technologies by 12,488.0% during the 4th quarter. Auto Owners Insurance Co now owns 522,024 shares of the technology company’s stock worth $6,571,000 after purchasing an additional 517,877 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Dell Technologies by 70.2% during the 1st quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company’s stock valued at $118,432,000 after purchasing an additional 297,500 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Dell Technologies by 73.4% during the 1st quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company’s stock valued at $71,946,000 after purchasing an additional 185,527 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Company Profile

Dell Technologies Inc (NYSE: DELL) is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.

The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.