Dell Technologies (NYSE:DELL) Shares Down 6.9% – Should You Sell?

Shares of Dell Technologies Inc. (NYSE:DELL) were down 6.9% on Thursday. The stock traded as low as $446.91 and last traded at $452.1420. 6,510,681 shares traded hands during trading, a decline of 21% from the average daily volume of 8,279,551 shares. The stock had previously closed at $485.88.

Trending Headlines about 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 were highlighted as advantages over Applied Digital, strengthening the investment case for Dell as AI infrastructure spending continues. DELL vs. APLD: Which AI-Infrastructure Stock Looks More Attractive?
• Positive Sentiment: Dell introduced new AI Factory hardware with NVIDIA, reinforcing its positioning as a supplier of complete AI computing systems and countering recent concerns about slowing enterprise demand. Dell Unveiled New AI Servers
• Positive Sentiment: Texas Athletics, Dell, Google Cloud and SHI International launched the Bevo Lab, an AI and analytics platform that expands Dell’s technology visibility in higher education and sports research. The deal is strategically positive but unlikely to materially affect near-term earnings. Texas Athletics and McCombs Launch Bevo Lab
• Neutral Sentiment: Dell rose alongside other AI-server stocks as the sector stabilized, although Hewlett Packard Enterprise outperformed Dell and Super Micro was little changed. The move suggests broader sector sentiment rather than a Dell-specific announcement. AI Server Peers Market Update
• Negative Sentiment: The previous session’s steep decline reflected profit-taking, technology-sector weakness and reported supply-chain concerns. Barclays’ recent downgrade, based partly on doubts about enterprise AI demand, continues to weigh on sentiment and may contribute to volatility. Dell Stock Drops in Tech Sell-Off

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DELL shares. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $565.00 to $635.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Cantor Fitzgerald started coverage on shares of Dell Technologies in a research report on Wednesday, September 2nd. They set an “overweight” rating on the stock. Mizuho lifted their price target on Dell Technologies from $600.00 to $650.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 6th. Raymond James Financial boosted their price objective on Dell Technologies from $500.00 to $617.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Dell Technologies in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $569.96.

Dell Technologies Trading Up 0.9%

The business has a 50-day moving average price of $513.41 and a two-hundred day moving average price of $403.55. The firm has a market capitalization of $290.49 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 0.47 and a beta of 1.37.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s dividend payout ratio is currently 14.63%.

Insiders Place Their Bets

In other Dell Technologies news, Director Egon Durban sold 1,850 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total transaction of $1,014,540.00. Following the completion of the transaction, the director directly owned 1,405,236 shares of the company’s stock, valued at $770,631,422.40. The trade was a 0.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Spv-2 L.P. Sl sold 44,408 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was 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 owned 43,740 shares of the company’s stock, valued at approximately $25,469,802. This trade represents a 50.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,817,628 shares of company stock worth $990,253,476. 41.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds have recently made changes to their positions in DELL. Noble Wealth Management PBC lifted its stake in Dell Technologies by 113.6% during the third quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock valued at $25,000 after buying an additional 25 shares in the last quarter. Cornerstone Financial Management LLC boosted its holdings in shares of Dell Technologies by 56.1% in the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after buying an additional 23 shares during the period. Premier Financial Group acquired a new position in shares of Dell Technologies in the second quarter worth about $34,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies in the second quarter worth approximately $38,000. Finally, Retirement Wealth Solutions LLC increased its position in shares of Dell Technologies by 41.3% in the third quarter. Retirement Wealth Solutions LLC now owns 89 shares of the technology company’s stock worth $48,000 after acquiring an additional 26 shares in the last quarter. Institutional investors 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, 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.