Dell Technologies (NYSE:DELL) Shares Up 4.7% – Should You Buy?

Dell Technologies Inc. (NYSE:DELL)’s stock price shot up 4.7% during trading on Thursday . The stock traded as high as $593.98 and last traded at $589.5710. 9,136,069 shares were traded during trading, an increase of 9% from the average session volume of 8,418,160 shares. The stock had previously closed at $563.29.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell’s AI order pipeline and backlog continue to expand rapidly, while recent coverage points to server revenue roughly doubling. The company previously reported $16.4 billion in quarterly AI-optimized server revenue and raised its fiscal 2027 AI-server revenue target to $74 billion. Dell’s AI backlog surge
• Positive Sentiment: Goldman Sachs’ projection that the global server market could reach $1.5 trillion by 2030, representing a 39% compound annual growth rate, is reinforcing expectations for sustained demand for Dell’s data-center equipment. Goldman Sachs server-market outlook
• Positive Sentiment: The broader AI-server sector is rallying, lifting Dell alongside Hewlett Packard Enterprise and Super Micro Computer. Dell is also scheduled to join the S&P 100 on September 21, which could generate additional demand from index-tracking funds. AI server stocks rally
• Positive Sentiment: A partnership with Axelera AI adds a lower-power inference accelerator option to Dell’s systems, broadening its AI hardware ecosystem, although no specific orders or revenue were disclosed. Dell and Axelera AI collaboration
• Neutral Sentiment: Dell completed a $5 billion senior-notes offering, providing capital for expansion and refinancing but adding to borrowing obligations as AI infrastructure investment accelerates. Dell senior-notes offering
• Negative Sentiment: Silver Lake-affiliated directors disclosed additional sales totaling tens of millions of dollars. The continued insider selling creates a potential supply overhang and profit-taking concern, particularly after Dell’s substantial rally. Investors must also weigh elevated expectations and execution risks against the AI growth opportunity.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Loop Capital raised their target price on shares of Dell Technologies from $150.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Mizuho increased their price target on Dell Technologies from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada began coverage on Dell Technologies in a research report on Thursday, September 10th. They issued an “outperform” rating and a $640.00 target price for the company. Finally, Evercore reiterated an “outperform” rating and issued a $650.00 target price on shares of Dell Technologies in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $560.24.

Dell Technologies Stock Up 4.7%

The firm has a market cap of $382.11 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 0.56 and a beta of 1.34. The company has a 50 day moving average of $459.06 and a 200 day moving average of $333.89.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $44.89 billion. During the same period in the previous year, the business earned $1.70 EPS. Dell Technologies’s revenue for the quarter 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, equities research analysts expect that Dell Technologies Inc. will post 25.14 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s payout ratio is 14.63%.

Insiders Place Their Bets

In other news, Director Spv-2 L.P. Sl sold 83,006 shares of the company’s stock in a transaction dated 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 sale, the director owned 73,185 shares in the company, valued at approximately $37,861,527.90. This represents a 53.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of Dell Technologies stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total value of $47,176,751.94. Following the completion of the transaction, the director owned 64,209 shares of the company’s stock, valued at $33,217,884.06. This trade represents a 58.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,681,793 shares of company stock worth $834,887,936 over the last quarter. 41.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Revere Asset Management Inc bought a new position in Dell Technologies during the second quarter worth $5,524,000. Sequoia Financial Advisors LLC raised its holdings in shares of Dell Technologies by 4.5% during the second quarter. Sequoia Financial Advisors LLC now owns 50,146 shares of the technology company’s stock worth $21,636,000 after purchasing an additional 2,176 shares during the period. MCF Advisors LLC raised its holdings in shares of Dell Technologies by 4.4% during the second quarter. MCF Advisors LLC now owns 2,377 shares of the technology company’s stock worth $1,026,000 after purchasing an additional 100 shares during the period. Archford Capital Strategies LLC bought a new position in shares of Dell Technologies in the 2nd quarter worth about $1,214,000. Finally, Gemmer Asset Management LLC acquired a new position in shares of Dell Technologies in the 2nd quarter valued at about $274,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Company Profile

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.