David Alan Kennedy Sells 19,500 Shares of Dell Technologies (NYSE:DELL) Stock

Key Points

• CFO David Alan Kennedy sold 19,500 shares on April 9 at an average price of $182.53 for roughly $3.56 million, trimming his stake by 9.63% to 183,097 shares valued at about $33.42 million.
• Dell raised its quarterly dividend to $0.63 (annualized $2.52, ~1.3% yield), with an ex-dividend date of April 21 and payment scheduled for May 1, up from $0.53 previously.
• Strong quarterly results and bullish news flow — Dell beat estimates with EPS $3.89 vs $3.53 and revenue $33.38B (up 39.5% YoY) — and the stock rallied about 6.8% to $189.82 amid analyst upgrades and sector M&A rumors.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) CFO David Alan Kennedy sold 19,500 shares of the firm's stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $182.53, for a total value of $3,559,335.00. Following the sale, the chief financial officer owned 183,097 shares in the company, valued at $33,420,695.41. This trade represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dell Technologies Trading Up 6.8%

DELL traded up $12.02 during midday trading on Monday, hitting $189.82. 10,429,942 shares of the company traded hands, compared to its average volume of 8,581,774. The business has a 50 day simple moving average of $145.71 and a two-hundred day simple moving average of $138.83. Dell Technologies Inc. has a 52-week low of $80.74 and a 52-week high of $191.37. The company has a market capitalization of $122.58 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 0.72 and a beta of 0.88.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.36. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The firm had revenue of $33.38 billion during the quarter, compared to the consensus estimate of $31.60 billion. During the same quarter in the prior year, the firm earned $2.68 EPS. The company's revenue for the quarter was up 39.5% on a year-over-year basis. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Tuesday, April 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, April 21st. Dell Technologies's dividend payout ratio (DPR) is currently 24.08%.

Institutional Investors Weigh In On Dell Technologies

Institutional investors have recently made changes to their positions in the stock. Armstrong Advisory Group Inc. boosted its stake in shares of Dell Technologies by 3.6% in the third quarter. Armstrong Advisory Group Inc. now owns 1,829 shares of the technology company's stock valued at $259,000 after purchasing an additional 63 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of Dell Technologies by 1.3% in the third quarter. Flagship Harbor Advisors LLC now owns 5,563 shares of the technology company's stock valued at $789,000 after purchasing an additional 71 shares during the period. Westside Investment Management Inc. boosted its stake in shares of Dell Technologies by 35.8% in the third quarter. Westside Investment Management Inc. now owns 296 shares of the technology company's stock valued at $43,000 after purchasing an additional 78 shares during the period. Pinnacle Associates Ltd. lifted its stake in Dell Technologies by 0.4% in the third quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company's stock worth $3,067,000 after acquiring an additional 78 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in Dell Technologies by 2.3% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,559 shares of the technology company's stock worth $504,000 after acquiring an additional 81 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Sector M&A rumor: reports that Nvidia may be pursuing a large PC-company acquisition have lifted the whole PC/IT hardware group, boosting optimism for strategic value or partnership upside for Dell. This rumor is the primary near-term driver of the move higher. Dell Stock Jumps. Here's Why.
• Positive Sentiment: Solid recent fundamentals: Dell’s most recent quarterly report beat EPS and revenue estimates and the company provided FY guidance, supporting the view that the business is performing well underneath headline noise—this gives the rally some earnings-based legitimacy. (Company earnings release)
• Positive Sentiment: Analyst positioning: several outlets show an average analyst recommendation around "Moderate Buy," which can attract momentum buyers and supports the stock on positive news flow. Dell Technologies Inc. NYSE: DELL Receives Average Recommendation of "Moderate Buy" from Analysts
• Neutral Sentiment: Strategic profile in AI: coverage notes Dell as an important AI infrastructure player (servers, storage, systems integration), which is a multi-year tailwind but already priced into expectations—positive long-term but not an immediate catalyst by itself. Dell Technologies (DELL): A Key AI Player… But Is Now Really The Time To Buy?
• Neutral Sentiment: Product reviews: new XPS 16 coverage is favorable but notes compromises—helps brand/perception but is not a major stock driver. Dell XPS 16 (2026) review: A beautiful laptop with compromises
• Negative Sentiment: Key risks flagged by analysts: Wolfe Research’s Peer Perform initiation and coverage commentary highlight risks such as memory-price swings and supply constraints that could pressure margins or near-term demand—factors that could limit upside if macro/commodity dynamics turn. Dell Technologies NYSE: DELL Earns Peer Perform Rating from Analysts at Wolfe Research

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of recent research reports. Raymond James Financial increased their target price on shares of Dell Technologies from $166.00 to $182.00 and gave the company an "outperform" rating in a research report on Friday, February 27th. Evercore increased their target price on shares of Dell Technologies from $160.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, March 26th. Piper Sandler reduced their target price on shares of Dell Technologies from $172.00 to $167.00 and set an "overweight" rating for the company in a research report on Friday, February 27th. Dbs Bank upgraded shares of Dell Technologies to a "moderate buy" rating in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded shares of Dell Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 21st. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $170.47.

Dell Technologies Company Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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